Marathon Area Swim Association Inc

Analysis

Marathon Area Swim Association Inc is a registered charity in United States, based in Marathon, WI. It received its IRS tax-exemption ruling in March 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 December 2023, Marathon Area Swim Association Inc reported income of $433k and spending of $508k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $433k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marathon Area Swim Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include North Carolina Association of Community Economic Development Inc ($433k), Passinart a Theatre Company ($433k) and Mountain View Parent Nursery School Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 44% of the total. Other salaries and wages came to $263k. At year end it held assets of $592k against liabilities of $148k, net assets of $444k. It reported 55 employees.