Lake Superior Swim Club

Analysis

Lake Superior Swim Club is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in August 2011, 15 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, Lake Superior Swim Club reported income of $195k and spending of $197k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $195k (+4.3%), an average of +4.3% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Superior 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 52nd percentile within MN. Charities of a similar size with the same main cause include Westlake Cheer Parent Association ($195k), Dirtbags Baseball ($196k) and Swansea Somerset Youth Soccer League ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.