Milford Area Swim Team

Analysis

Milford Area Swim Team is a registered charity in United States, based in Milford, OH. It received its IRS tax-exemption ruling in July 1998, 28 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, Milford Area Swim Team reported income of $183k and spending of $173k, spending 94% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $152k to $183k (+21%), an average of +21% a year. The sharpest change came in the year to August 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Milford Area Swim Team sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Wakefield Crew Boosters ($183k), Lone Star Curling Club ($183k) and Colorado Basketball Club ($183k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $33k against liabilities of $1,872, net assets of $31k.