St Thomas Swimming Association Inc

Analysis

St Thomas Swimming Association Inc is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 December 2023, St Thomas Swimming Association Inc reported income of $258k and spending of $266k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $258k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Thomas Swimming Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within VI. Charities of a similar size with the same main cause include New England Food Foundation Inc ($258k), Two Hundred Club of Morris County ($258k) and San Gabriel Valley Junior All American Football Conference ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Other salaries and wages came to $115k. At year end it held assets of $639k against liabilities of $1,604, net assets of $638k. It reported 12 employees.