Hinsdale Swim Club

Analysis

Hinsdale Swim Club is a registered charity in United States, based in Hinsdale, IL. It received its IRS tax-exemption ruling in November 1976, 50 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 July 2022, Hinsdale Swim Club reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 4 years on record, from July 2019 to July 2022, income grew from $521k to $1.3m (+141%), an average of +34% a year. The sharpest change came in the year to July 2020, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hinsdale Swim Club sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Faulkner County Council on Aging Inc ($1.3m), National Center for Learning Disabilities Inc ($1.3m) and Savo Island Cooperative Homes Inc ($1.3m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $106k (8.6% of expenses). Other salaries and wages came to $357k. At year end it held assets of $252k against liabilities of $47k, net assets of $205k. It reported 23 employees.