Bam Swim Team

Analysis

Bam Swim Team is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in May 2000, 26 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, Bam Swim Team reported income of $171k and spending of $138k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $233k to $171k (-26%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bam Swim Team sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CO. Charities of a similar size with the same main cause include Lynwood Sports Association ($171k), Fort Stockton Golf Association ($171k) and Springboro-Clearcreek Baseball Association Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.