Woodstock Swimming Association

Analysis

Woodstock Swimming Association is a registered charity in United States, based in Woodstock, IL. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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 July 2023, Woodstock Swimming Association reported income of $194k and spending of $162k, spending 84% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $143k to $194k (+35%), an average of +35% a year. The sharpest change came in the year to July 2023, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woodstock Swimming Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Izaak Walton League of America Inc ($194k), Partners of the Memorial Medical Center ($194k) and W Vernie Reed Memorial Fund ($194k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. At year end it held assets of $60k against liabilities of $1,244, net assets of $59k.