Swim Charleston

Analysis

Swim Charleston is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in May 2017, 9 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, Swim Charleston reported income of $83k and spending of $70k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $555k to $83k (-85%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swim Charleston sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Sellwood Junior Baseball Organization ($83k), Galaxy Gymnastics Booster Club Foundation ($83k) and Camp Kittimaquundi Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $11k (16% of expenses). Other salaries and wages came to $36k. At year end it held assets of $253k against liabilities of $89, net assets of $253k. It reported 7 employees.