Wichita Falls Elite Swim Team

Analysis

Wichita Falls Elite Swim Team is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2024, Wichita Falls Elite Swim Team reported income of $92k and spending of $107k, spending 117% of what it took in. Across the 3 years on record, from September 2022 to September 2024, income grew from $68k to $92k (+34%), an average of +16% a year. The sharpest change came in the year to September 2024, when income rose by 18%. Over the whole period it spent 112% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Wichita Falls Elite Swim Team sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Half Moon Bay Pirates ($92k), Pine-Richland Crew ($92k) and Flint Area Young Life Foundatiom ($91k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 10% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.