Jersey Wahoos Swim Club Inc

Analysis

Jersey Wahoos Swim Club Inc is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in September 2018, 8 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, Jersey Wahoos Swim Club Inc reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2022, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jersey Wahoos Swim Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Council to Advance Hunting and the ($1.6m), League 42 Foundation ($1.6m) and San Francisco Bicycle Coalitioneducation Fund Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $126k (7.7% of expenses). Other salaries and wages came to $517k. At year end it held assets of $2.0m against liabilities of $649k, net assets of $1.3m. It reported 32 employees.