Klahanie Swim Team

Analysis

Klahanie Swim Team is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in August 2010, 16 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, Klahanie Swim Team reported income of $51k and spending of $38k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $51k (+3.2%), an average of +3.2% a year. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Klahanie Swim Team sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 14th percentile within WA. Charities of a similar size with the same main cause include Okoboji Youth Basketball Association Inc ($51k), Knights Lacrosse ($51k) and Pittsburgh Softball Cricket League Association ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $47k against liabilities of $3,244, net assets of $44k.