The Fish Swimteam Inc

Analysis

The Fish Swimteam Inc is a registered charity in United States, based in MC Lean, VA. It received its IRS tax-exemption ruling in July 2010, 16 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, The Fish Swimteam Inc reported income of $1.7m and spending of $1.4m, spending 84% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $818k to $1.7m (+105%), an average of +20% a year. The sharpest change came in the year to May 2022, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Fish Swimteam Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Association Football Club ($1.7m), Active Kids Association of Sport ($1.7m) and Christmount Christian Assembly Inc ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $297k (21% of expenses). Other salaries and wages came to $324k. At year end it held assets of $1.0m against liabilities of $22k, net assets of $1.0m. It reported 18 employees.