X-Cel Swimming Inc

Analysis

X-Cel Swimming Inc is a registered charity in United States, based in Princeton JCT, NJ. It received its IRS tax-exemption ruling in March 1997, 29 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, X-Cel Swimming Inc reported income of $620k and spending of $530k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $643k to $620k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to August 2022, when income rose by 31%. 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, X-Cel Swimming Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Row New Jersey ($620k), Acworth Baseball Assoc Inc ($621k) and Tri-County Volleyball Association Inc ($620k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $119k (22% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.1m. It reported 8 employees.