Fort Belvoir Swim Team

Analysis

Fort Belvoir Swim Team is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 2000, 26 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, Fort Belvoir Swim Team reported income of $415k and spending of $360k, spending 87% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $399k to $415k (+4.2%), an average of +1.4% a year. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fort Belvoir Swim Team 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 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Center Grove Bantam Football League Corporation ($415k), International Shotokan Karate Association ($415k) and Lexington Dolphins Inc ($415k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. At year end it held assets of $278k against liabilities of $175, net assets of $277k.