Swim with Heart

Analysis

Swim with Heart is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Swim with Heart reported income of $281k and spending of $307k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $281k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Swim with Heart sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Karen Carns Foundation ($281k), Greenlight Operation ($281k) and Service Womens Action Network ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (32% of expenses). Other salaries and wages came to $64k. At year end it held assets of $113k against liabilities of $283k, net assets of -$170k.