Greatwood Swimming Inc

Analysis

Greatwood Swimming Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in May 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greatwood Swimming Inc reported income of $67k and spending of $49k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $67k (+11%), an average of +11% a year. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greatwood Swimming Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Thundercats Athletics Inc ($67k), Half Moon Bay Girls Softball Inc ($67k) and Carroll Rod & Gun Club Inc of Frewsburg New York ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $97k against liabilities of $241, net assets of $97k.