Sheridan Swim Team Inc

Analysis

Sheridan Swim Team Inc is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in August 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sheridan Swim Team Inc reported income of $112k and spending of $130k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $112k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sheridan Swim Team Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Little League Baseball LL ($112k), Mountain View Little League Baseball Inc ($112k) and Nebraska Youth Bowling Partnership ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $72k against liabilities of $0, net assets of $72k. It reported 7 employees.