Swingpals Inc

Analysis

Swingpals Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Swingpals Inc reported income of $481k and spending of $443k, spending 92% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $223k to $481k (+115%), an average of +21% a year. The sharpest change came in the year to August 2023, when income rose by 81%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Swingpals Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Soccer Unity Project Inc ($480k), Angel Street Inc ($481k) and Graffiti 2 Community Ministries ($480k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $232k. At year end it held assets of $527k against liabilities of $18k, net assets of $509k. It reported 7 employees.