Fort Collins Area Swim Team

Analysis

Fort Collins Area Swim Team is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in November 1987, 39 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 August 2024, Fort Collins Area Swim Team reported income of $939k and spending of $968k, spending 103% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $622k to $939k (+51%), an average of +8.6% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fort Collins Area Swim Team sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Susan L Curtis Charitable Foundation ($939k), Grosse Pointe Soccer Association ($939k) and District 6 of Minnesota Amateur Hockey Association ($939k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $400k. At year end it held assets of $255k against liabilities of $98k, net assets of $156k. It reported 15 employees.