Cor Swimming Association

Analysis

Cor Swimming Association is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in October 1985, 41 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, Cor Swimming Association reported income of $774k and spending of $864k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $610k to $774k (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cor Swimming Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Jordan Evangelical Theological Seminary Inc ($774k), McCormick County Housing for Aging Inc ($775k) and Portland Gay Mens Chorus Inc ($774k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Other salaries and wages came to $446k. At year end it held assets of $39k against liabilities of $0, net assets of $39k. It reported 14 employees.