Laporte Community Turbo Swim Club

Analysis

Laporte Community Turbo Swim Club is a registered charity in United States, based in LA Porte, IN. It received its IRS tax-exemption ruling in September 2016, 10 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, Laporte Community Turbo Swim Club reported income of $72k and spending of $77k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $72k (-2.0%), an average of -2.0% a year. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laporte Community Turbo Swim Club sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include GHS Diamond Club Inc ($72k), Little League Baseball Inc ($72k) and Windsor Parks and Recreation Foundation ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 81% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.