Tekmasters Swim Club

Analysis

Tekmasters Swim Club is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in March 2025. 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, Tekmasters Swim Club reported income of $63k and spending of $64k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $87k to $63k (-28%), an average of -28% a year. The sharpest change came in the year to August 2023, when income dropped by 28%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tekmasters Swim Club sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Khelshala Inc ($63k), Fairfax High School Crew Booster Club ($63k) and Csa Synchro ($63k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 8.0% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.