Springwood Swim Team

Analysis

Springwood Swim Team is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in February 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Springwood Swim Team reported income of $112k and spending of $113k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $112k (-1.6%), an average of -1.6% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Springwood Swim Team 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 42nd percentile within CA. Charities of a similar size with the same main cause include West Coast Equine Foundation ($112k), P7 Sports Academy Foundation ($112k) and Carmel Community Girls Softball Incorporated ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 91% of the total. At year end it held assets of $6,314 against liabilities of $0, net assets of $6,314.