Lubbock Swim Club

Analysis

Lubbock Swim Club is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, Lubbock Swim Club reported income of $187k and spending of $191k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $209k to $187k (-10%), an average of -10% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lubbock Swim Club sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Monroe-Woodbury Devilfish Aquatics Inc ($187k), The Beacon Resource Center Inc ($187k) and Redemption Works International Inc ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,769 against liabilities of $0, net assets of $8,769.