Noblesville Swim Club

Analysis

Noblesville Swim Club is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in September 2000, 26 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 2023, Noblesville Swim Club reported income of $428k and spending of $440k, spending 103% of its income. Across the 4 years on record, from August 2019 to August 2023, income fell from $501k to $428k (-15%), an average of -5.1% a year. The sharpest change came in the year to August 2021, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Noblesville Swim Club sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Festiv-All Charleston West Virginia Inc ($428k), Wolverine Youth Soccer Inc ($428k) and Manhattan Beach Youth Basketball Inc ($427k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $109k. At year end it held assets of $211k against liabilities of $2,986, net assets of $208k. It reported 34 employees.