Woodland Masters Swim Team

Analysis

Woodland Masters Swim Team is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2023, Woodland Masters Swim Team reported income of $78k and spending of $77k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $78k (-4.6%), an average of -4.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woodland Masters Swim Team sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Al Downing Tampa Bay Jazz Association Inc ($78k), St Francis Community ($78k) and Columcille Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 0.1% of the total. At year end it held assets of $114k against liabilities of $42k, net assets of $71k.