Fallbrook Associated Swim Team

Analysis

Fallbrook Associated Swim Team is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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, Fallbrook Associated Swim Team reported income of $141k and spending of $161k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $177k to $141k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fallbrook Associated Swim Team sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include San Diego Psychoanalytic Center ($141k), National College of Probate Judges ($141k) and PTA Texas Congress ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.