Carmel Swim Club

Analysis

Carmel Swim Club is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in November 2005, 21 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 August 2023, Carmel Swim Club reported income of $2.2m and spending of $2.0m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.2m (+50%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmel Swim Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Community Resources for Education Alternative Treatments and Evaluat ($2.2m), Center for Humanistic Change Inc ($2.2m) and Southern California Association of Non-Profit Housing Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $187k (9.4% of expenses). Other salaries and wages came to $954k. At year end it held assets of $5.3m against liabilities of $3.7m, net assets of $1.7m. It reported 113 employees.