H2o-Kids Zone Swim School

Analysis

H2o-Kids Zone Swim School is a registered charity in United States, based in Palm City, FL. It received its IRS tax-exemption ruling in July 2013, 13 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, H2o-Kids Zone Swim School reported income of $141k and spending of $189k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $160k to $141k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, H2o-Kids Zone Swim School sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Finger Lakes Regional Hockey Association Inc ($141k), Road Runners of America ($141k) and Tualatin Timberwolves Youth Football Association ($141k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $62k (33% of expenses). At year end it held assets of $42k against liabilities of $39k, net assets of $3,390. It reported 2 employees.