Roosevelt Island Swimming Inc

Analysis

Roosevelt Island Swimming Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2008, 18 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 December 2023, Roosevelt Island Swimming Inc reported income of $127k and spending of $116k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $285k to $127k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Roosevelt Island Swimming Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Franklin Township Baseball League ($127k), Columbus Softball Association ($127k) and Farmington Valley Mudhogs Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.