Spring Cypress Swim Team

Analysis

Spring Cypress Swim Team is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in July 2008, 18 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, Spring Cypress Swim Team reported income of $81k and spending of $63k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $81k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spring Cypress Swim Team sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Westchester Ultimate Disc Inc ($81k), Englewood Sailing Association Inc ($81k) and Mackenzie Park Lawn Bowls Club ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.