Gift of Swimming Inc

Analysis

Gift of Swimming Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in April 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 December 2023, Gift of Swimming Inc reported income of $93k and spending of $104k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $112k to $93k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. 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, Gift of Swimming Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Velocipede Bike Project ($93k), Outrigger Santa Cruz ($93k) and Southeast Texas Youth Shooting Sports Association ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.