Roanoke Valley Swimming Inc

Analysis

Roanoke Valley Swimming Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in April 1988, 38 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 2023, Roanoke Valley Swimming Inc reported income of $435k and spending of $417k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $754k to $435k (-42%), an average of -13% a year. The sharpest change came in the year to August 2020, when income dropped by 41%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Roanoke Valley Swimming Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Hillsborough Jr Raiders Sports ($435k), Glaciers Sports Inc ($435k) and Ebony Horsewomen Inc ($435k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 71% of the total. Other salaries and wages came to $215k. At year end it held assets of $977k against liabilities of $41k, net assets of $936k.