Indiana Swim Club Inc

Analysis

Indiana Swim Club Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in January 2000, 26 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, Indiana Swim Club Inc reported income of $254k and spending of $233k, spending 92% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $161k to $254k (+58%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indiana Swim Club Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within IN. Charities of a similar size with the same main cause include Sun Country Junior Golf Foundation Inc ($254k), North Brandon Youth Baseball Inc ($254k) and Tualatin Hills Water Polo Club Inc ($254k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $47k (20% of expenses). At year end it held assets of $94k against liabilities of $46k, net assets of $48k. It reported 29 employees.