Black Hawk Swimming Association Inc

Analysis

Black Hawk Swimming Association Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in July 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, Black Hawk Swimming Association Inc reported income of $262k and spending of $261k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $288k to $262k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to August 2020, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Black Hawk Swimming Association Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Fishers Hse Youth Softball League Inc ($262k), Gettysburg Youth Soccer Club Inc ($262k) and Consolidated Youth Sports Council ($262k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $99k. At year end it held assets of $259k against liabilities of $305, net assets of $259k. It reported 9 employees.