Lake Champlain Waves Swim Team Inc

Analysis

Lake Champlain Waves Swim Team Inc is a registered charity in United States, based in Plattsburgh, NY. It received its IRS tax-exemption ruling in March 2015, 11 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, Lake Champlain Waves Swim Team Inc reported income of $71k and spending of $71k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $71k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Champlain Waves Swim Team Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Philadelphia Athletics Youth Sports Association ($71k), McAlester Buffalo Quarterback Club ($71k) and XXX Racing ($71k).

At year end it held assets of $38k against liabilities of $0, net assets of $38k.