Friends of Rockbridge Swimming Inc

Analysis

Friends of Rockbridge Swimming Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Rockbridge Swimming Inc reported income of $348k and spending of $322k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $348k (+78%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Rockbridge Swimming Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Wayne Soccer Club Inc ($348k), Dickson City Recreation Authority ($348k) and Greater Portland Soccer District Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 47% of the total. Other salaries and wages came to $186k. At year end it held assets of $394k against liabilities of $2,601, net assets of $391k. It reported 41 employees.