Redlands Swim Team Inc

Analysis

Redlands Swim Team Inc is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in September 1993, 33 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, Redlands Swim Team Inc reported income of $338k and spending of $312k, spending 92% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $142k to $338k (+138%), an average of +34% a year. The sharpest change came in the year to August 2021, when income rose by 87%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redlands Swim Team Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Texas Premier Soccer Club ($338k), Passaic County Youth Soccer Association Inc ($338k) and Tremorsync Inc ($338k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $198k. At year end it held assets of $241k against liabilities of $3,433, net assets of $238k. It reported 32 employees.