Forest Area Swim Team Inc

Analysis

Forest Area Swim Team Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in September 2005, 21 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, Forest Area Swim Team Inc reported income of $58k and spending of $74k, spending 127% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $62k to $58k (-6.4%), an average of -6.4% a year. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Forest Area Swim Team Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Alotian Charities Inc ($58k), Cocalico Midget Football Association ($58k) and Gary Old Timers Athletic Association ($58k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.