Paducah Swimming Incorporated

Analysis

Paducah Swimming Incorporated is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in August 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Paducah Swimming Incorporated reported income of $103k and spending of $113k, spending 109% of what it took in. Over the whole period it spent 128% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Paducah Swimming Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include Hartford Youth Football Inc ($103k), Eau Claire County Friends of the Fair Inc ($103k) and Georgia Sports Foundation Inc ($103k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 8.2% and program service revenue 16% of the total. At year end it held assets of $17k against liabilities of $1,762, net assets of $16k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.