Peak Swimming

Analysis

Peak Swimming is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Peak Swimming reported income of $214k and spending of $307k, spending 143% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $352k to $214k (-39%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 23%. Over the whole period it spent 116% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Peak Swimming sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Silver Buckle Youth Equestrian Center ($214k), Camp Wa-Ja-To Corporation ($214k) and Project 360 Youth Services ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $113k (37% of expenses). At year end it held assets of $7,511 against liabilities of $199k, net assets of -$192k. It reported 6 employees.