Swim Torrance

Analysis

Swim Torrance is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in January 2007, 19 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, Swim Torrance reported income of $970k and spending of $820k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $970k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swim Torrance sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Port Huron Minor Hockey Association Inc ($970k), Titan Athletics ($970k) and Buffalo Grove Recreational Association Inc ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $300k. At year end it held assets of $602k against liabilities of $14k, net assets of $589k.