Sparks Piranhas Swim Team Inc

Analysis

Sparks Piranhas Swim Team Inc is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in September 1975, 51 years ago. 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, Sparks Piranhas Swim Team Inc reported income of $314k and spending of $273k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $314k (+248%), an average of +248% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sparks Piranhas Swim Team Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within NV. Charities of a similar size with the same main cause include Sons of Union Veterans of the Civil War ($314k), Corrigan Neighborhood Association ($314k) and Center for Humane Options in the Childbirth Experience ($314k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $106k (39% of expenses). Other salaries and wages came to $37k. At year end it held assets of $65k against liabilities of -$1,333, net assets of $66k.