Piedmont Swim Team

Analysis

Piedmont Swim Team is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1977, 49 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 June 2024, Piedmont Swim Team reported income of $797k and spending of $808k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $438k to $797k (+82%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 2528%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Piedmont Swim Team sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Washington County Youth Hockey Association Inc ($796k), Catalyst Sports Inc ($797k) and Granite City Amateur Hockey Association ($795k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $403k. At year end it held assets of $463k against liabilities of $0, net assets of $463k. It reported 19 employees.