Swansea Sports Corp

Analysis

Swansea Sports Corp is a registered charity in United States, based in Swansea, MA. It received its IRS tax-exemption ruling in September 2022, 4 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, Swansea Sports Corp reported income of $96k and spending of $71k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $96k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swansea Sports Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Fighting Indians Football Board Inc ($96k), Scotty Gomez Foundation Hockey Association Inc ($96k) and Mid-Coast Youth Hockey ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.