Galveston Island Swim Team Gist
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The Galveston Island Hurricanes is a year-round swim club affiliate of USA Swimming; offering both swim lessons and a competitive swim team. GIST has training and practice groups for swimmers ages 4-18 and all ability levels. The goal is to offer age specific training for all registered athletes geared towards challenging and developing each individual to the best of their abilities.
- Income
- $100,240
- Spending
- $121,273
- Reserves
- 3.5 months of spending
- Largest source of income
- fees for its services, 75%
- Highest pay
- $11,861, program director
Source: Form 990EZ for the year ending May 31, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 57 out of 100. Higher than 21% of charities in its peer group (recreation and sports, under $250k).
Reserves
20 of 35Spendable reserves would cover 3.5 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 21% of income.
Source: Form 990EZ for the year ending May 31, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending May 31, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $118,771 spent. Provide swim lessons to approximately 90 swimmers
- $2,501 spent. Compete in swimming tournaments approximately 24 students
Source: Form 990EZ for the year ending May 31, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on October 15, 2012 for not filing returns for three years, and reinstated on October 15, 2012.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending May 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.