Wasilla Waves Swim Club

Analysis

Wasilla Waves Swim Club is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in April 1986, 40 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 March 2024, Wasilla Waves Swim Club reported income of $142k and spending of $112k, leaving 21% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $114k to $142k (+24%), an average of +24% a year. The sharpest change came in the year to March 2024, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wasilla Waves Swim Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 41st percentile within AK. Charities of a similar size with the same main cause include Center for the Arts Lake Sunapee Region ($142k), Montgomery Softball League Inc ($142k) and Pioneer Athletic Conference ($142k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 20% of the total. At year end it held assets of $101k against liabilities of $1,328, net assets of $99k.