Charlottesville Swans Synchronized Swimming Inc

Analysis

Charlottesville Swans Synchronized Swimming Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 2018, 8 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, Charlottesville Swans Synchronized Swimming Inc reported income of $112k and spending of $116k, spending 103% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $114k to $112k (-1.9%), an average of -1.9% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlottesville Swans Synchronized Swimming Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include LA Warriors Youth Basketball ($112k), Yard Charities Inc ($112k) and Discovery Bay River Otters Booster Club ($112k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.