Race Aquatics Swim Club Inc

Analysis

Race Aquatics Swim Club Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in August 2008, 18 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, Race Aquatics Swim Club Inc reported income of $165k and spending of $163k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $165k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Race Aquatics Swim Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within KY. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($165k), Friends of Camp Mather ($165k) and Indiana Dressage Society ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $90k. At year end it held assets of $32k against liabilities of $1,091, net assets of $31k. It reported 8 employees.