Severna Park Swimming Association Inc

Analysis

Severna Park Swimming Association Inc is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in April 1995, 31 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 May 2024, Severna Park Swimming Association Inc reported income of $549k and spending of $562k, spending 102% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $476k to $549k (+15%), an average of +3.6% a year. The sharpest change came in the year to May 2022, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Severna Park Swimming Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Ottawa County Parks Foundation Inc ($549k), Carolina Aquatic Team ($549k) and RMD Community Sports Association ($548k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $134k. At year end it held assets of $95k against liabilities of $11k, net assets of $84k. It reported 8 employees.