Mundelein Mustangs Swim Club

Analysis

Mundelein Mustangs Swim Club is a registered charity in United States, based in Mundelein, IL. It received its IRS tax-exemption ruling in July 2001, 25 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 2024, Mundelein Mustangs Swim Club reported income of $352k and spending of $320k, spending 91% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $195k to $352k (+81%), an average of +16% a year. The sharpest change came in the year to July 2022, when income rose by 95%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mundelein Mustangs 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 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Transpacific Yacht Club ($352k), Little League Baseball Inc ($352k) and Valle Crucis Park Inc ($352k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1,800 (0.6% of expenses). Other salaries and wages came to $200k. At year end it held assets of $222k against liabilities of $7,752, net assets of $214k. It reported 14 employees.