Imperial Oaks Swim Team

Analysis

Imperial Oaks Swim Team is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in December 2016, 10 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, Imperial Oaks Swim Team reported income of $88k and spending of $60k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $88k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Imperial Oaks Swim Team sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Des Plaines Youth Baseball Ltd ($88k), Berlin Youth Soccer Assn ($88k) and Road Runners Club of America ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 41% of the total. At year end it held assets of $83k against liabilities of $4,720, net assets of $78k.