Tonawanda Titans Swim Club

Analysis

Tonawanda Titans Swim Club is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 1997, 29 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, Tonawanda Titans Swim Club reported income of $224k and spending of $260k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $224k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tonawanda Titans Swim Club 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 53rd percentile within NY. Charities of a similar size with the same main cause include Utah Crew Inc ($224k), Abington Area Joint Recreation Board ($224k) and Lion Football Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 105% of the total. Other salaries and wages came to $215k. At year end it held assets of $130k against liabilities of $498, net assets of $130k. It reported 16 employees.