Cohasset Swimming and Recreation Trust

Analysis

Cohasset Swimming and Recreation Trust is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in December 1970, 56 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 December 2023, Cohasset Swimming and Recreation Trust reported income of $253k and spending of $294k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $220k to $253k (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cohasset Swimming and Recreation Trust sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Bosnia & Herzegovinian American Community Center ($253k), Fred Haskins Commission Inc ($253k) and Knox County Farm Fair Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Other salaries and wages came to $113k. At year end it held assets of $1.3m against liabilities of $486k, net assets of $843k. It reported 36 employees.