757swim Inc

Analysis

757swim Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 757swim Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $1.3m (+129%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 757swim Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Stallions Hockey Association ($1.3m), Appalachian Fair Association Incorporated ($1.3m) and Upreach Therapeutic Equestrian Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 37% of the total. Other salaries and wages came to $472k. At year end it held assets of $3.0m against liabilities of $2.5m, net assets of $536k. It reported 82 employees.