Central Area Swimming a Non Profit Corporation

Analysis

Central Area Swimming a Non Profit Corporation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in March 2003, 23 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, Central Area Swimming a Non Profit Corporation reported income of $86k and spending of $84k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $86k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Area Swimming a Non Profit Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within AK. Charities of a similar size with the same main cause include Boca Raton Juniors Inc ($86k), Pennridge Aquatic Club - Suburbanaquatic League ($86k) and Maple Shade Soccer Club ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. At year end it held assets of $228k against liabilities of $0, net assets of $228k.