Central Arkansas Swim Club Inc

Analysis

Central Arkansas Swim Club Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in January 2009, 17 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, Central Arkansas Swim Club Inc reported income of $338k and spending of $345k, spending 102% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $314k to $338k (+7.7%), an average of +2.5% a year. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Arkansas Swim Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AR. Charities of a similar size with the same main cause include A Better Shot Foundation Inc ($338k), Revitalizing Waterbury Inc ($338k) and Starr County Fair Association Inc ($338k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (20% of expenses). Other salaries and wages came to $54k. At year end it held assets of $5,914 against liabilities of $1,557, net assets of $4,357. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.