Carolina Aquatics Swim Club Inc

Analysis

Carolina Aquatics Swim Club Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 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 July 2024, Carolina Aquatics Swim Club Inc reported income of $562k and spending of $538k, spending 96% of its income. Across the 6 years on record, from December 2020 to July 2024, income grew from $236k to $562k (+138%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 87%. 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, Carolina Aquatics Swim Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Chesapeake United Soccer Club Inc ($562k), Ghisallo Cycling Initiative ($562k) and San Diego Hockey Referee Association a California Nonprofit ($562k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $60k (11% of expenses). Other salaries and wages came to $174k. At year end it held assets of $170k against liabilities of $8,031, net assets of $162k. It reported 44 employees.