Greensboro Swimming Assn

Analysis

Greensboro Swimming Assn is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 1958, 68 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 July 2023, Greensboro Swimming Assn reported income of $362k and spending of $355k, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $423k to $362k (-14%), an average of -3.8% a year. The sharpest change came in the year to July 2020, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greensboro Swimming Assn sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Los Altos Youth Baseball & Softball of Long Beach Incorporated ($362k), Asian Festival Corporation ($362k) and Oakland Jr Grizzlies Hockey Club ($362k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $42k. At year end it held assets of $210k against liabilities of $13k, net assets of $197k. It reported 6 employees.