Swim New Orleans

Analysis

Swim New Orleans is a registered charity in United States, based in Harahan, LA. It received its IRS tax-exemption ruling in May 2003, 23 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, Swim New Orleans reported income of $380k and spending of $430k, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $439k to $380k (-13%), an average of -3.6% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swim New Orleans sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Webster Swim Association Inc ($380k), Cedar Rapids Little Reds Baseball Inc ($380k) and Conway Juniors Volleyball Club ($380k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Other salaries and wages came to $167k. At year end it held assets of $296k against liabilities of $9,452, net assets of $287k. It reported 34 employees.