Tsunami Swimming

Analysis

Tsunami Swimming is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in November 2001, 25 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 June 2023, Tsunami Swimming reported income of $88k and spending of $115k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to June 2023, income fell from $182k to $88k (-52%), an average of -52% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tsunami Swimming sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Mountainview Christian Camp Inc ($88k), Eleone Inc ($88k) and Franklin Youth Football Association Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.