Havasu Stingrays Swim Team

Analysis

Havasu Stingrays Swim Team is a registered charity in United States, based in LK Havasu Cty, AZ. It received its IRS tax-exemption ruling in November 1990, 36 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 December 2023, Havasu Stingrays Swim Team reported income of $103k and spending of $92k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $103k (+109%), an average of +109% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Havasu Stingrays Swim Team sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within AZ. Charities of a similar size with the same main cause include Westford Community Rowing Inc ($103k), Colfax Jr Falcon Football and Cheer Inc ($103k) and St Francis Basketball Association ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $29k against liabilities of $363, net assets of $29k.