Waukesha Express Swim Team Inc

Analysis

Waukesha Express Swim Team Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in February 1981, 45 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 2023, Waukesha Express Swim Team Inc reported income of $917k and spending of $933k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $917k (-13%), an average of -3.4% a year. The sharpest change came in the year to August 2021, when income rose by 51%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waukesha Express Swim Team Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Edison United Soccer Association ($917k), S Solutions Inc ($917k) and Kings County Tennis League Inc ($917k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $251k (27% of expenses). At year end it held assets of $57k against liabilities of $65k, net assets of -$7,878. It reported 62 employees.