Richmond Swims Inc

Analysis

Richmond Swims Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in September 2015, 11 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).

In the financial year ending December 2023, Richmond Swims Inc reported income of $102k and spending of $83k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $102k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Swims Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Steamboat Tennis Association ($102k), Carnegie-Scranton Recreation Association Inc ($102k) and Eastern Iowa Baseball Club ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $111k against liabilities of $8,450, net assets of $103k.