Seal Beach Swim Club Inc

Analysis

Seal Beach Swim Club Inc is a registered charity in United States, based in Seal Beach, CA. It received its IRS tax-exemption ruling in November 1989, 37 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 December 2023, Seal Beach Swim Club Inc reported income of $258k and spending of $257k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $258k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seal Beach Swim Club Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($258k), Manlius Senior Centre Inc ($258k) and South Dakota State Soccer Assn ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $81k (32% of expenses). Other salaries and wages came to $67k. At year end it held assets of $225k against liabilities of $8,497, net assets of $217k. It reported 9 employees.