Tomball Area Swim Club

Analysis

Tomball Area Swim Club is a registered charity in United States, based in Pinehurst, TX. It received its IRS tax-exemption ruling in August 2014, 12 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, Tomball Area Swim Club reported income of $560k and spending of $563k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $394k to $560k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tomball Area Swim Club sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include North Bay Youth Soccer League ($560k), Sun Valley Junior Hockey Inc ($560k) and Virginia Basketball Academy Foundation ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $145k (26% of expenses). Other salaries and wages came to $171k. At year end it held assets of $91k against liabilities of $43k, net assets of $48k. It reported 4 employees.