Castle Rock Cudas Youth Swim Team

Analysis

Castle Rock Cudas Youth Swim Team is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in December 2002, 24 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 August 2023, Castle Rock Cudas Youth Swim Team reported income of $267k and spending of $269k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $251k to $267k (+6.3%), an average of +1.5% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Castle Rock Cudas Youth Swim Team sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Orinda M Club ($267k), Kenosha Area Soccer League Inc ($267k) and Northwest Sports Association ($267k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). Other salaries and wages came to $45k. At year end it held assets of $167k against liabilities of $18k, net assets of $149k. It reported 4 employees.