Chicago Masters Swim Club

Analysis

Chicago Masters Swim Club is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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 (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, Chicago Masters Swim Club reported income of $193k and spending of $86k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $193k (+7.0%), an average of +7.0% a year. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Masters Swim Club sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Real Henderson FC ($193k), Memphis Bears Inc ($193k) and Kachemak Swim Club Assoc ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $363k against liabilities of $0, net assets of $363k.