Truckee-Tahoe Swim Team Inc

Analysis

Truckee-Tahoe Swim Team Inc is a registered charity in United States, based in Truckee, CA. It received its IRS tax-exemption ruling in January 1997, 29 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, Truckee-Tahoe Swim Team Inc reported income of $213k and spending of $216k, spending 101% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $250k to $213k (-15%), an average of -15% a year. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Truckee-Tahoe Swim Team Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Penn Manor Soccer Club ($213k), Shades Mountain Community Park Inc ($213k) and Healdsburg Prune Packers Baseball Club Inc ($213k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.8% and program service revenue 92% of the total. Other salaries and wages came to $119k. At year end it held assets of $131k against liabilities of $1,645, net assets of $130k. It reported 5 employees.