Northern Virginia Nereids Synchronized Swim Team

Analysis

Northern Virginia Nereids Synchronized Swim Team is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in February 1992, 34 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 2024, Northern Virginia Nereids Synchronized Swim Team reported income of $178k and spending of $142k, leaving 20% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $149k to $178k (+19%), an average of +20% a year. The sharpest change came in the year to August 2024, when income rose by 19%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northern Virginia Nereids Synchronized Swim Team sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Elkhorn American Legion Baseball Association ($178k), Menlo Atherton Athletic Boosters ($178k) and Motor City Aquatics Inc ($178k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 0.9% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.