Northeastern Swim Team

Analysis

Northeastern Swim Team is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in November 2017, 9 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, Northeastern Swim Team reported income of $61k and spending of $50k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $61k (-0.8%), an average of -0.8% a year. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northeastern Swim Team sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Wilmington Hurricane Youth Football Program ($61k), Amateur Athletic Union of the United States Inc ($61k) and Coastal Cheer Athletics Incorporated ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.