Sioux Falls Swim Team Inc

Analysis

Sioux Falls Swim Team Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 1986, 40 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sioux Falls Swim Team Inc reported income of $481k and spending of $464k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $373k to $481k (+29%), an average of +6.5% a year. The sharpest change came in the year to August 2021, when income rose by 83%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sioux Falls Swim Team Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within SD. Charities of a similar size with the same main cause include Rampage Youth Organization ($481k), Labette County Fair Association ($481k) and Tsunami Swim Team of Kansas City Inc ($480k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.3% and program service revenue 94% of the total. Other salaries and wages came to $153k. At year end it held assets of $318k against liabilities of $9,152, net assets of $309k. It reported 20 employees.