Ocean Pines Swim Team Inc

Analysis

Ocean Pines Swim Team Inc is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in April 1990, 36 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 September 2023, Ocean Pines Swim Team Inc reported income of $211k and spending of $179k, spending 85% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $215k to $211k (-1.9%), an average of -1.9% a year. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ocean Pines Swim Team Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Mile High Rowing Club ($211k), Magnolia Youth Football Assoc ($211k) and Orange County Sports Alliance ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.9% and program service revenue 76% of the total. Other salaries and wages came to $63k. At year end it held assets of $116k against liabilities of $0, net assets of $116k. It reported 11 employees.