Baranof Barracudas

Analysis

Baranof Barracudas is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in August 1983, 43 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, Baranof Barracudas reported income of $158k and spending of $138k, spending 87% of its income. Across the 6 years on record, from December 2019 to December 2023, income grew from $78k to $158k (+103%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Baranof Barracudas 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 48th percentile, and in the 44th percentile within AK. Charities of a similar size with the same main cause include Alabama-Northwest Florida Golf Foundation ($158k), Dragons Soccer Club Inc ($158k) and Carrington Wrestling Booster Club ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 19% of the total. Other salaries and wages came to $67k. At year end it held assets of $84k against liabilities of $907, net assets of $83k. It reported 4 employees.