Club Wolverine Swimming Inc

Analysis

Club Wolverine Swimming Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in January 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Club Wolverine Swimming Inc reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $967k to $1.2m (+22%), an average of +6.8% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Club Wolverine Swimming Inc 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 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include New Jersey Association of Special Education Partner Schools Inc ($1.2m), Pipefitters Education Fund Local Union 274 ($1.2m) and Northfield Senior Citizens Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $445k. At year end it held assets of $554k against liabilities of -$11k, net assets of $565k. It reported 25 employees.