Evergreen Swim Team Inc

Analysis

Evergreen Swim Team Inc is a registered charity in United States, based in Evergreen, CO. It received its IRS tax-exemption ruling in November 1993, 33 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, Evergreen Swim Team Inc reported income of $261k and spending of $305k, spending 117% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $212k to $261k (+23%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 52%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Evergreen Swim Team Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Greater Toledo Aquatic Club ($261k), Porter Ridge Atheltic Association ($261k) and Salmon City Golf Association Inc ($260k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $88k (29% of expenses). Other salaries and wages came to $72k. At year end it held assets of $70k against liabilities of $5,235, net assets of $64k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.