MTV Swim Team Inc

Analysis

MTV Swim Team Inc is a registered charity in United States, based in Mount Vernon, IN. It received its IRS tax-exemption ruling in May 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, MTV Swim Team Inc reported income of $76k and spending of $69k, spending 91% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $61k to $76k (+23%), an average of +23% a year. The sharpest change came in the year to March 2024, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MTV Swim Team Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Audubon Soccer Youth Association Inc ($76k), Wisconsin Interscholastic Fishing Association ($76k) and Cherry Hill East Ice Hockey Club Inc ($76k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 7.3% and program service revenue 39% of the total. At year end it held assets of $24k against liabilities of $805, net assets of $23k.