Northfield Swim Club Inc

Analysis

Northfield Swim Club Inc is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in July 1995, 31 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 March 2023, Northfield Swim Club Inc reported income of $127k and spending of $168k, spending 133% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $162k to $127k (-22%), an average of -6.0% a year. The sharpest change came in the year to March 2022, when income rose by 106%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northfield Swim Club Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Youth Softball Association of Coral Springs Inc ($127k), Woodinville Junior Football Association ($127k) and Demarest Athletic Association ($126k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.8% and program service revenue 94% of the total. Other salaries and wages came to $88k. At year end it held assets of $16k against liabilities of $2,154, net assets of $14k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.