Capitol Sea Devils Swimm Team

Analysis

Capitol Sea Devils Swimm Team is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. 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 August 2023, Capitol Sea Devils Swimm Team reported income of $1.2m and spending of $1.1m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $1.2m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to August 2022, when income rose by 92%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capitol Sea Devils Swimm Team sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Northern Oklahoma Youth Services Center and Shelter Inc ($1.2m), Magic Foundation ($1.2m) and Indianapolis Ministries 2 Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $141k (13% of expenses). Other salaries and wages came to $244k. At year end it held assets of $991k against liabilities of $340k, net assets of $651k. It reported 33 employees.