Fox Valley Swim Team

Analysis

Fox Valley Swim Team is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in July 2007, 19 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 June 2023, Fox Valley Swim Team reported income of $822k and spending of $732k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $787k to $822k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. 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, Fox Valley Swim Team sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Greater Saginaw Amateur Hockey Association ($822k), Christian Retreat Center ($823k) and Jesse White Tumbling Team Inc ($822k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $415k. At year end it held assets of $468k against liabilities of $80k, net assets of $388k. It reported 39 employees.