Lake Ridge Swim Team Inc

Analysis

Lake Ridge Swim Team Inc is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in January 2022, 4 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, Lake Ridge Swim Team Inc reported income of $90k and spending of $68k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $90k (+2.3%), an average of +2.3% a year. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Ridge Swim Team Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Northwest Kansas District Free Fair Inc ($90k), Little League Baseball Inc ($90k) and Clarinda Iowa As Baseball Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $36k against liabilities of $36k, net assets of $0.