Topeka Swim Association Inc

Analysis

Topeka Swim Association Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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, Topeka Swim Association Inc reported income of $397k and spending of $468k, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $284k to $397k (+40%), an average of +8.8% a year. The sharpest change came in the year to August 2022, when income rose by 79%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Topeka Swim Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KS. Charities of a similar size with the same main cause include Road Runners Club of America ($397k), Medical Research Charities Inc ($397k) and Washington Chapter of the American Society of Military Comptrollers ($397k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Other salaries and wages came to $209k. At year end it held assets of $151k against liabilities of $0, net assets of $151k. It reported 31 employees.