Raleigh Swimming Association

Analysis

Raleigh Swimming Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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, Raleigh Swimming Association reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $2.1m (+74%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raleigh Swimming Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include USA International Ballet Competition ($2.1m), Vida Inc ($2.1m) and West Cancer Foundation ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $687k. At year end it held assets of $3.0m against liabilities of $2.0m, net assets of $1.0m. It reported 32 employees.