Firestone Akron Swim Team

Analysis

Firestone Akron Swim Team is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 1999, 27 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, Firestone Akron Swim Team reported income of $309k and spending of $276k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $232k to $309k (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Firestone Akron Swim Team sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include A-Team MTB ($309k), Lincoln Dominators Baseball ($309k) and Youth Baseball League of Newrochelle ($309k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $56k against liabilities of $6,732, net assets of $49k. It reported 2 employees.