Occoquan Swimming Inc

Analysis

Occoquan Swimming Inc is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in October 1989, 37 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, Occoquan Swimming Inc reported income of $2.7m and spending of $2.8m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2022, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Occoquan Swimming Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Innercity Tennis Foundation ($2.7m), National Horse Show Association of America Ltd ($2.7m) and Socal Elite FC a Non Profit Organization ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $125k (4.5% of expenses). At year end it held assets of $314k against liabilities of $519k, net assets of -$205k. It reported 103 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.