Peak Swim Team

Analysis

Peak Swim Team is a registered charity in United States, based in Woodland Park, CO. It received its IRS tax-exemption ruling in September 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 December 2023, Peak Swim Team reported income of $71k and spending of $62k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $71k (-5.1%), an average of -5.1% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peak Swim Team sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include McAlester Buffalo Quarterback Club ($71k), The Christian Campsite Association ($71k) and Lake Champlain Waves Swim Team Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $7,713 against liabilities of $87, net assets of $7,626.