Bellingham Bay Swim Team

Analysis

Bellingham Bay Swim Team is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in December 1996, 30 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 August 2024, Bellingham Bay Swim Team reported income of $668k and spending of $680k, spending 102% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $272k to $668k (+145%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 50%. 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, Bellingham Bay Swim Team sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include United East Conference ($668k), Baton Rouge Basketball and Volleyball Association ($668k) and Triangle Flying Disc Association ($668k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Other salaries and wages came to $250k. At year end it held assets of $175k against liabilities of $50k, net assets of $125k. It reported 11 employees.