Cool Swim Team Inc

Analysis

Cool Swim Team Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in February 1998, 28 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 2024, Cool Swim Team Inc reported income of $635k and spending of $598k, spending 94% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $373k to $635k (+70%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cool Swim Team Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within KS. Charities of a similar size with the same main cause include Fredericksburg Area Soccer Association Inc ($635k), San Benito Aquatics ($636k) and Ohio Athletic Conference ($635k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 29 employees.