Bloomington Normal Swim Club

Analysis

Bloomington Normal Swim Club is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in July 2006, 20 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 March 2024, Bloomington Normal Swim Club reported income of $101k and spending of $114k, spending 113% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $110k to $101k (-8.6%), an average of -8.6% a year. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bloomington Normal Swim Club sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Little Vikings Football Inc ($101k), Chugach Mountain Bike Riders ($101k) and Derosier Foundation ($101k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 10% and program service revenue 20% of the total. At year end it held assets of $11k against liabilities of $2,094, net assets of $9,386.