Newport Swim Team Inc

Analysis

Newport Swim Team Inc is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in December 2001, 25 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, Newport Swim Team Inc reported income of $134k and spending of $157k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $134k (+6.1%), an average of +6.1% a year. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newport Swim Team Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OR. Charities of a similar size with the same main cause include Hanover Youth Basketball League ($134k), FCCT Booster Club ($134k) and Aldermarsh ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 59% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.