Stingray Swim Team

Analysis

Stingray Swim Team is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in March 2002, 24 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 August 2023, Stingray Swim Team reported income of $189k and spending of $195k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $241k to $189k (-21%), an average of -5.9% a year. The sharpest change came in the year to August 2023, when income dropped by 27%. 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, Stingray Swim Team sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 48th percentile within AK. Charities of a similar size with the same main cause include Roc Foundation Inc ($189k), Skiff Sailing Foundation ($189k) and Winneconne Youth Diamond Club Inc ($189k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $78k (40% of expenses). Other salaries and wages came to $28k. At year end it held assets of $76k against liabilities of $9,133, net assets of $67k. It reported 11 employees.