Los Almos Swim Team Incorporated

Analysis

Los Almos Swim Team Incorporated is a registered charity in United States, based in Los Alamos, NM. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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, Los Almos Swim Team Incorporated reported income of $89k and spending of $126k, spending 141% of what it took in. Across the 3 years on record, from August 2019 to August 2023, income fell from $207k to $89k (-57%), an average of -34% a year. The sharpest change came in the year to August 2023, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Almos Swim Team Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within NM. Charities of a similar size with the same main cause include Northern Gila County Historical Society ($89k), International Restoration Commission Ministries ($89k) and New York Cardiac Center Inc ($89k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. At year end it held assets of $61k against liabilities of $1,436, net assets of $59k.