Wellesley Swimming Association Inc

Analysis

Wellesley Swimming Association Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in April 1991, 35 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, Wellesley Swimming Association Inc reported income of $107k and spending of $91k, spending 85% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $104k to $107k (+2.6%), an average of +2.6% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wellesley Swimming Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Taylorville High School Sports Boosters ($107k), Friends O F PAC ($107k) and Newtown Babe Ruth Softball League Inc ($107k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.