WTRC Sharks Swim Team Inc

Analysis

WTRC Sharks Swim Team Inc is a registered charity in United States, based in Washingtn TWP, OH. It received its IRS tax-exemption ruling in October 2009, 17 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 August 2023, WTRC Sharks Swim Team Inc reported income of $347k and spending of $270k, leaving 22% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $227k to $347k (+53%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 122%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, WTRC Sharks Swim Team Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Extra Bases Inc ($347k), Edwardsville Wrestling Club ($347k) and Friends of Birch State Park Inc ($347k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.9% and program service revenue 74% of the total. Other salaries and wages came to $139k. At year end it held assets of $335k against liabilities of $0, net assets of $335k. It reported 7 employees.