Germantown Swim Team Association

Analysis

Germantown Swim Team Association is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2024, 2 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 2024, Germantown Swim Team Association reported income of $227k and spending of $161k, leaving 29% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $41k to $227k (+458%), an average of +41% a year. The sharpest change came in the year to July 2020, when income rose by 298%. 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, Germantown Swim Team Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Oak Mountain Lacrosse Association ($227k), Surge International Inc ($227k) and Spartan Aquatic Club Inc ($227k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Other salaries and wages came to $68k. At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 8 employees.