Schenectady Swim Club Inc

Analysis

Schenectady Swim Club Inc is a registered charity in United States, based in Johnstown, NY. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2023, Schenectady Swim Club Inc reported income of $396k and spending of $399k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $396k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Schenectady Swim Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Portage County Youth on Ice Incorporated ($396k), Mendocino County Soccer Academy ($397k) and Norge Ski Club ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Other salaries and wages came to $189k. At year end it held assets of $345k against liabilities of $5,197, net assets of $340k. It reported 22 employees.