Peters Township Swim Club

Analysis

Peters Township Swim Club is a registered charity in United States, based in McMurray, PA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 July 2023, Peters Township Swim Club reported income of $171k and spending of $207k, spending 121% of what it took in. Across the 6 years on record, from July 2018 to July 2023, income fell from $211k to $171k (-19%), an average of -4.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peters Township Swim Club sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include American Board of Clinical Chemistry Inc ($171k), Illinois Federation of Womens Club ($171k) and Scotland Community Association Inc ($171k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.

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.