Lyons Swim Club

Analysis

Lyons Swim Club is a registered charity in United States, based in Western SPRGS, IL. It received its IRS tax-exemption ruling in February 1991, 35 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 July 2023, Lyons Swim Club reported income of $695k and spending of $734k, spending 106% of what it took in. Across the 3 years on record, from July 2019 to July 2023, income grew from $645k to $695k (+7.8%), an average of +3.8% a year. The sharpest change came in the year to July 2023, when income rose by 27%. 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, Lyons Swim Club sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Quincy Youth Arena Inc ($695k), Colorado Mountain Bike Association ($695k) and Livonia Hockey Assoc ($695k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Other salaries and wages came to $388k. At year end it held assets of $475k against liabilities of $0, net assets of $475k. It reported 58 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.