Long Island Swimming

Analysis

Long Island Swimming is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in December 2003, 23 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 September 2023, Long Island Swimming reported income of $3.4m and spending of $3.6m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $3.4m (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Island Swimming sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Save Mount Diablo ($3.4m), The Loppet Foundation Inc ($3.4m) and Three & Two Baseball Club of Johnson County Inc ($3.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $5.1m against liabilities of $3.0m, net assets of $2.1m.