Sylvania Swim Club

Analysis

Sylvania Swim Club is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in June 2003, 23 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 August 2024, Sylvania Swim Club reported income of $175k and spending of $180k, spending 103% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $168k to $175k (+4.3%), an average of +4.3% a year. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sylvania Swim Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Huntingburg Golf Foundation Inc ($175k), North County Recreation Association ($175k) and Spearhead Corporation ($175k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 3.7% and program service revenue 16% of the total. At year end it held assets of $137k against liabilities of $777, net assets of $136k.