Parents Organization of the Seymour City Swim Team Inc

Analysis

Parents Organization of the Seymour City Swim Team Inc is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in October 1988, 38 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, Parents Organization of the Seymour City Swim Team Inc reported income of $106k and spending of $101k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $106k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. 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, Parents Organization of the Seymour City Swim Team Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include East Central Florida Refrees Association Inc ($106k), South Farmington Baseball Inc ($106k) and Central Kansas Youth Rodeo Association ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 14% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.