Elko Swim Team

Analysis

Elko Swim Team is a registered charity in United States, based in Elko, NV. It received its IRS tax-exemption ruling in July 2005, 21 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, Elko Swim Team reported income of $85k and spending of $95k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $85k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elko Swim Team sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within NV. Charities of a similar size with the same main cause include Putnam Youth Basketball League Inc ($85k), Annual Tennessee Beef Agribition ($85k) and Sports Committee Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $47k against liabilities of $404, net assets of $47k.