Best Swim Club Inc

Analysis

Best Swim Club Inc is a registered charity in United States, based in Paradise Vly, AZ. It received its IRS tax-exemption ruling in June 2010, 16 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 August 2024, Best Swim Club Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 6 years on record, from December 2019 to August 2024, income grew from $1.2m to $1.6m (+40%), an average of +7.0% a year. The sharpest change came in the year to August 2023, when income rose by 106%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Best Swim Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Camp of the Hills ($1.6m), Kensington Valley Hockey Association Inc ($1.6m) and Austin Ymbl Sunshine Camp ($1.6m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 66% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $240k (15% of expenses). Other salaries and wages came to $348k. At year end it held assets of $747k against liabilities of $37k, net assets of $710k. It reported 13 employees.