Edina Swim Club Inc

Analysis

Edina Swim Club Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 August 2023, Edina Swim Club Inc reported income of $928k and spending of $889k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $732k to $928k (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2022, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edina Swim Club Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include 437 Essex Inc ($928k), The Arkansas Northeastern College Foundation ($928k) and George N Wernimont Educational Fund ($928k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $107k (12% of expenses). Other salaries and wages came to $331k. At year end it held assets of $552k against liabilities of $35k, net assets of $517k. It reported 31 employees.