Winchester Swim Team Inc

Analysis

Winchester Swim Team Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in September 2011, 15 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 July 2023, Winchester Swim Team Inc reported income of $220k and spending of $302k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to July 2023, income grew from $214k to $220k (+3.0%), an average of +0.8% a year. The sharpest change came in the year to July 2021, when income rose by 451%. 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, Winchester Swim Team Inc 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 55th percentile within VA. Charities of a similar size with the same main cause include Naperville North Huskies Hockey Club ($220k), Palos Verdes Aquatic Club ($220k) and Southside Catholic Conference ($220k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Other salaries and wages came to $101k. At year end it held assets of $28k against liabilities of $2,010, net assets of $26k. It reported 12 employees.