Trojan Swim Club

Analysis

Trojan Swim Club is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trojan Swim Club reported income of $59k and spending of $77k, spending 131% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $233k to $59k (-75%), an average of -37% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Trojan Swim Club sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Seagulls Football Parents Club Inc ($59k), Luverne Baseball Association ($59k) and Moorestown Youth Softball Association Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,864 against liabilities of $0, net assets of $5,864.

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.