Swimtulsa Inc

Analysis

Swimtulsa Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in October 1989, 37 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, Swimtulsa Inc reported income of $322k and spending of $216k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $322k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swimtulsa Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within OK. Charities of a similar size with the same main cause include Amherst Skating Club Inc ($322k), Real Racine Sports and Events Commission Inc ($322k) and Central States Developmental Hockey League ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $60k (28% of expenses). Other salaries and wages came to $45k. At year end it held assets of $243k against liabilities of $1,468, net assets of $242k. It reported 6 employees.