Coney Island Brighton Beach Open Water Swimmers Inc

Analysis

Coney Island Brighton Beach Open Water Swimmers Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Coney Island Brighton Beach Open Water Swimmers Inc reported income of $60k and spending of $49k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $60k (+12%), an average of +12% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coney Island Brighton Beach Open Water Swimmers Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Coppell High School Parent Teacher Student Organization ($60k), Eagle Club Inc ($60k) and Oregon Assn Student Financial Aid Admin ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 52% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.