Weston Swimming Inc

Analysis

Weston Swimming Inc is a registered charity in United States, based in Weston, CT. It received its IRS tax-exemption ruling in March 1998, 28 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, Weston Swimming Inc reported income of $386k and spending of $382k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $336k to $386k (+15%), an average of +3.6% a year. The sharpest change came in the year to August 2022, when income rose by 57%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Weston Swimming Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Tonka Football Association of Minnesota ($386k), Fayette Area Lions Den Inc ($386k) and Hiawatha Inc ($386k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $165k. At year end it held assets of $281k against liabilities of $0, net assets of $281k. It reported 5 employees.