Klein Swim Academy Inc

Analysis

Klein Swim Academy Inc is a registered charity in United States, based in Sarasota, FL. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Klein Swim Academy Inc reported income of $512k and spending of $546k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $512k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Klein Swim Academy Inc 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 73rd percentile within FL. Charities of a similar size with the same main cause include DC Youth Futbol Club Inc ($512k), Patriot Training Foundation ($512k) and Eastview Hockey Association ($511k).

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 $141k (26% of expenses). Other salaries and wages came to $179k. At year end it held assets of $78k against liabilities of $15k, net assets of $63k.