Waunakee Wave Swim Team

Analysis

Waunakee Wave Swim Team is a registered charity in United States, based in Waunakee, WI. It received its IRS tax-exemption ruling in November 2014, 12 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, Waunakee Wave Swim Team reported income of $341k and spending of $309k, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $189k to $341k (+81%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waunakee Wave Swim Team 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 WI. Charities of a similar size with the same main cause include Hawks Nation Athletic Club Inc ($341k), Great Bay Volleyball Club Inc ($341k) and Chicago Cricket Club & Academy ($341k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $90k (29% of expenses). Other salaries and wages came to $20k. At year end it held assets of $73k against liabilities of $19k, net assets of $55k. It reported 10 employees.