Swim Across America Inc

Analysis

Swim Across America Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swim Across America Inc reported income of $11.7m and spending of $10.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $11.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Swim Across America Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Homebase ($11.7m), Believers Stewardship Services Inc ($11.7m) and Rubin Museum of Art ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $516k (4.9% of expenses). Other salaries and wages came to $791k. At year end it held assets of $8.3m against liabilities of $29k, net assets of $8.3m. It reported 9 employees.