Sigma Performance Swimming

Analysis

Sigma Performance Swimming is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in December 2009, 17 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 August 2023, Sigma Performance Swimming reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.8m (+74%), an average of +15% a year. The sharpest change came in the year to August 2021, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sigma Performance Swimming sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Williamsport Volunteer Fire and Emergency Medical Services Inc ($1.8m), Seattle Junior Hockey Association ($1.8m) and Neshoba County Fair Association Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $270k (15% of expenses). Other salaries and wages came to $980k. At year end it held assets of $464k against liabilities of $414k, net assets of $50k. It reported 206 employees.