Team Vortex Swim Club

Analysis

Team Vortex Swim Club is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in April 2001, 25 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, Team Vortex Swim Club reported income of $274k and spending of $255k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $220k to $274k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Vortex Swim Club sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Woga Parents Club ($274k), Cbp3 Inc ($274k) and Buena Ventura Youth Football Association ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (15% of expenses). Other salaries and wages came to $74k. At year end it held assets of $144k against liabilities of $22k, net assets of $122k. It reported 12 employees.