Olentangy Swim Association Inc

Analysis

Olentangy Swim Association Inc is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in March 1996, 30 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 December 2023, Olentangy Swim Association Inc reported income of $472k and spending of $587k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $314k to $472k (+50%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 5481143%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olentangy Swim Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include International 500 Project Inc ($472k), Auburn Thunder Soccer Club ($472k) and KC Swim Academy and Infant Aquatics Inc ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 10 employees.