Elmhurst Swim Team

Analysis

Elmhurst Swim Team is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in November 2014, 12 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 September 2022, Elmhurst Swim Team reported income of $388k and spending of $409k, spending 106% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $276k to $388k (+40%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 248%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elmhurst Swim Team sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Cat 5 Aquatics Inc ($388k), Fort Mill United Inc ($388k) and United Club Gymnastics ($388k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Other salaries and wages came to $201k. At year end it held assets of $297k against liabilities of $2,294, net assets of $294k. It reported 44 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.