North Jeffco Swim Team

Analysis

North Jeffco Swim Team is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in May 1998, 28 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, North Jeffco Swim Team reported income of $769k and spending of $806k, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $630k to $769k (+22%), an average of +5.1% a year. The sharpest change came in the year to August 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Jeffco Swim Team sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Arizona Storm Fast Pitch Softball Inc ($769k), King Philip Walpole Youth Hockey Association Inc ($770k) and Nereid Boat Club ($769k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $88k (11% of expenses). Other salaries and wages came to $222k. At year end it held assets of $173k against liabilities of $18k, net assets of $154k. It reported 14 employees.