Mankato Swim Club Inc

Analysis

Mankato Swim Club Inc is a registered charity in United States, based in Kasota, MN. It received its IRS tax-exemption ruling in September 1984, 42 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 July 2024, Mankato Swim Club Inc reported income of $144k and spending of $149k, spending 104% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $69k to $144k (+109%), an average of +109% a year. The sharpest change came in the year to July 2024, when income rose by 109%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mankato Swim Club Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Lutheran Services Property Inc ($144k), Rivers of Living Waters Ministries Inc ($144k) and Hva Foundation Inc ($144k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 3.1% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.