Madison Swimming Association

Analysis

Madison Swimming Association is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in December 2006, 20 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 June 2022, Madison Swimming Association reported income of $170k and spending of $158k, spending 93% of its income. Across the 2 years on record, from June 2020 to June 2022, income fell from $189k to $170k (-9.9%), an average of -9.9% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison Swimming Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Waterhawks ($170k), Rochester Football Inc ($170k) and Barnsdall Art Park Foundation ($170k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 3.3% and program service revenue 9.4% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.