Swim Team of Placentia

Analysis

Swim Team of Placentia is a registered charity in United States, based in Placentia, CA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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 August 2023, Swim Team of Placentia reported income of $382k and spending of $361k, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $182k to $382k (+110%), an average of +28% a year. The sharpest change came in the year to August 2021, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swim Team of Placentia sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Shullsburg Memorial Hospital Assn ($382k), The Arc Shiawassee County ($382k) and Columbia Classical Ballet Co ($382k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $257k. At year end it held assets of $226k against liabilities of $0, net assets of $226k. It reported 6 employees.