Swerve Robotics Inc

Analysis

Swerve Robotics Inc is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in November 2017, 9 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 July 2023, Swerve Robotics Inc reported income of $95k and spending of $105k, spending 110% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $84k to $95k (+13%), an average of +13% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swerve Robotics Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within WA. Charities of a similar size with the same main cause include The Unit Promise ($95k), A Sporting Chance Inc ($95k) and Wall Wrestling Booster Club ($95k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 64% and program service revenue 2.6% of the total. At year end it held assets of $125k against liabilities of $18k, net assets of $107k.