Midnight Sun Swim Team Inc

Analysis

Midnight Sun Swim Team Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in July 1985, 41 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midnight Sun Swim Team Inc reported income of $219k and spending of $208k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $244k to $219k (-10%), an average of -5.3% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Midnight Sun Swim Team Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 51st percentile within AK. Charities of a similar size with the same main cause include Discovery Riders Inc ($219k), New Hartford Youth Hockey ($219k) and Joys Gymnastics ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 9.8% of the total. Other salaries and wages came to $97k. At year end it held assets of $125k against liabilities of $3,666, net assets of $121k. It reported 6 employees.