Riptide Parents Swim Team Association

Analysis

Riptide Parents Swim Team Association is a registered charity in United States, based in Rockford, MI. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, Riptide Parents Swim Team Association reported income of $89k and spending of $96k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $77k to $89k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 131% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Riptide Parents Swim Team Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Summit Rugby ($89k), Waterford Babe Ruth League Inc ($89k) and Long Beach Aquatics Association ($89k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $8,084 against liabilities of $0, net assets of $8,084.