Clarence Swim Club Inc

Analysis

Clarence Swim Club Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in March 2014, 12 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, Clarence Swim Club Inc reported income of $256k and spending of $260k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $256k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Clarence Swim Club Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Community Swim Club Inc ($256k), Lake Merritt Rowing Club Inc ($256k) and Brooklyn Track Club Association Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $175k. At year end it held assets of $121k against liabilities of $0, net assets of $121k. It reported 61 employees.