Tyler Swim Academy Inc

Analysis

Tyler Swim Academy Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2020, Tyler Swim Academy Inc reported income of $205k and spending of $213k, spending 104% of its income. Across the 2 years on record, from November 2019 to November 2020, income fell from $235k to $205k (-12%), an average of -12% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tyler Swim Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Brownsville Tennis Association ($205k), Burt County Fair Foundation ($206k) and Oakdale Youth Football and Cheer Program ($205k).

On its Form 990 for the period ending November 2020, revenue came from contributions and grants 8.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $17k (8.0% of expenses). Other salaries and wages came to $36k. At year end it held assets of $695k against liabilities of $679k, net assets of $16k.