Shorewood Swim Club Foundation Inc

Analysis

Shorewood Swim Club Foundation Inc is a registered charity in United States, based in Shorewood, WI. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2024, Shorewood Swim Club Foundation Inc reported income of $310k and spending of $330k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $211k to $310k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shorewood Swim Club Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Firehawks Lacrosse Club ($310k), Lambert Lacrosse Booster Club Inc ($310k) and Sporting F C Inc ($310k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $92k (28% of expenses). Other salaries and wages came to $67k. At year end it held assets of $184k against liabilities of $24k, net assets of $160k. It reported 15 employees.