City of Plano Swimmers Inc

Analysis

City of Plano Swimmers Inc is a registered charity in United States, based in Plano, TX. 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, City of Plano Swimmers Inc reported income of $1.3m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+12%), an average of +3.0% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City of Plano Swimmers Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Valdez Native Tribe ($1.3m), Martin Chapel Housing Corporation ($1.3m) and East Amherst Fire Dept Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $119k (10% of expenses). Other salaries and wages came to $574k. At year end it held assets of $1.9m against liabilities of -$2,005, net assets of $1.9m. It reported 31 employees.