Victor Swim Club Inc

Analysis

Victor Swim Club Inc is a registered charity in United States, based in Victor, NY. It received its IRS tax-exemption ruling in April 2020, 6 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 August 2023, Victor Swim Club Inc reported income of $354k and spending of $333k, spending 94% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $243k to $354k (+46%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Victor Swim Club Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Pacific Beach Tennis Club ($354k), New England Youth Cycling Inc ($354k) and Benicia Youth Soccer ($354k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 68% and program service revenue 22% of the total. Other salaries and wages came to $182k. At year end it held assets of $171k against liabilities of $0, net assets of $171k.