Hillsboro Swim Team

Analysis

Hillsboro Swim Team is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in March 1998, 28 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, Hillsboro Swim Team reported income of $581k and spending of $603k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $605k to $581k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hillsboro Swim Team sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Northern Nevada Youth Golf Foundation ($581k), Thornridge Golf Corp ($581k) and On Target Outfitters ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. Other salaries and wages came to $302k. At year end it held assets of $266k against liabilities of $0, net assets of $266k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.