Southshore Sharks Swim Team

Analysis

Southshore Sharks Swim Team is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Southshore Sharks Swim Team reported income of $92k and spending of $90k, spending 97% of its income. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southshore Sharks Swim Team sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Catholic Youth Soccer League ($92k), Fca Parent Organization ($92k) and Tri-City Gators Youth Football and Cheer ($92k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 11% and program service revenue 49% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.