We Love Swimming Inc

Analysis

We Love Swimming Inc is a registered charity in United States, based in Plymouth, IN. It received its IRS tax-exemption ruling in April 2021, 5 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 December 2023, We Love Swimming Inc reported income of $452k and spending of $467k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $122k to $452k (+270%), an average of +92% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, We Love Swimming Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Phi Kappa Psi Endowment Association Kansas Alpha ($452k), Preventive Measures Foundation ($452k) and Emmanuel Mission Church of the Christian and Missionary Alliance ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $176k. At year end it held assets of $13k against liabilities of $0, net assets of $13k. It reported 15 employees.