Broomfield Barracudas Swim Club

Analysis

Broomfield Barracudas Swim Club is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Broomfield Barracudas Swim Club reported income of $779k and spending of $766k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $492k to $779k (+58%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Broomfield Barracudas Swim Club sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include San Francisco Little League ($779k), Pride Hockey Association Inc ($779k) and Northport Cow Harbor United Soccer Club ($778k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $158k (21% of expenses). Other salaries and wages came to $162k. At year end it held assets of $417k against liabilities of $83k, net assets of $334k. It reported 12 employees.