Lake Country Swim Team Ltd

Analysis

Lake Country Swim Team Ltd is a registered charity in United States, based in Hartland, WI. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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, Lake Country Swim Team Ltd reported income of $588k and spending of $571k, spending 97% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $397k to $588k (+48%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Country Swim Team Ltd sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include World Hope Inc ($588k), Big Brothers Big Sisters of Northwestern Wisconsin Inc ($589k) and Mexican Gospel Mission Inc ($588k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $90k (16% of expenses). Other salaries and wages came to $257k. It paid $24k in professional fundraising fees. At year end it held assets of $258k against liabilities of -$16k, net assets of $274k. It reported 49 employees.