South West Aquatic Team

Analysis

South West Aquatic Team is a registered charity in United States, based in Greenfield, WI. It received its IRS tax-exemption ruling in September 1976, 50 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 August 2024, South West Aquatic Team reported income of $518k and spending of $534k, spending 103% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $415k to $518k (+25%), an average of +4.5% a year. The sharpest change came in the year to August 2021, when income rose by 65%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South West Aquatic Team sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Brazas Futebol Club Inc ($517k), Washington Recreation & Park Association ($518k) and World Ice Association Inc ($517k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Other salaries and wages came to $326k. At year end it held assets of $421k against liabilities of $15k, net assets of $406k. It reported 59 employees.