Gleannloch Farms Summer Swim Team

Analysis

Gleannloch Farms Summer Swim Team is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in August 2013, 13 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, Gleannloch Farms Summer Swim Team reported income of $86k and spending of $84k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $88k to $86k (-1.7%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gleannloch Farms Summer Swim Team sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Recreation and Team Sports ($86k), Outrigger Youth Athletics ($86k) and Grove City Little Eagles Football & Cheerleading ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.