St Croix Swimming Association

Analysis

St Croix Swimming Association is a registered charity in United States, based in Kingshill, VI. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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 August 2023, St Croix Swimming Association reported income of $298k and spending of $301k, spending 101% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $211k to $298k (+41%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 65%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Croix Swimming Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within VI. Charities of a similar size with the same main cause include Patriotic Hearts Inc ($298k), Frances Barton Meekins Cooperative Preschool ($298k) and Illinois Catholic Health Association ($298k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $162k. At year end it held assets of $309k against liabilities of $93k, net assets of $217k. It reported 5 employees.

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.