City Swim Project

Analysis

City Swim Project is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2019, 7 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 June 2023, City Swim Project reported income of $520k and spending of $380k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $300k to $520k (+74%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 147%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, City Swim Project sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Mo Motion Inc ($520k), Mountain House Flag Football Inc ($520k) and Beverly Hills Athletic Alumni Association ($520k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $25k (6.6% of expenses). Other salaries and wages came to $238k. At year end it held assets of $239k against liabilities of $11k, net assets of $228k. It reported 15 employees.