Newington Swim Club Inc

Analysis

Newington Swim Club Inc is a registered charity in United States, based in Newington, CT. It received its IRS tax-exemption ruling in January 2023, 3 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 December 2023, Newington Swim Club Inc reported income of $73k and spending of $81k, spending 111% of what it took in. Across the 5 years on record, from December 2017 to December 2023, income fell from $78k to $73k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newington Swim Club Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include Auburn Ski Club Associates Inc ($73k), Midland High School Volleyball Boosters Inc ($73k) and Cola Town Bicycle Co-Op Foundation ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.

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.