Issaquah Swim Team Association

Analysis

Issaquah Swim Team Association is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in December 1994, 32 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 August 2024, Issaquah Swim Team Association reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.1m to $1.5m (+37%), an average of +6.5% a year. The sharpest change came in the year to August 2021, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Issaquah Swim Team Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Williamson County Fair Association Inc ($1.5m), Lindsay Pettus Greenway Inc ($1.5m) and Charleston Regatta Inc ($1.5m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 3.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $95k (6.3% of expenses). Other salaries and wages came to $513k. At year end it held assets of $1.3m against liabilities of $150k, net assets of $1.1m. It reported 25 employees.