O M N I Swim Club Inc

Analysis

O M N I Swim Club Inc is a registered charity in United States, based in Lake Elmo, MN. It received its IRS tax-exemption ruling in August 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 March 2023, O M N I Swim Club Inc reported income of $75k and spending of $66k, spending 88% of its income. Across the 3 years on record, from March 2021 to March 2023, income grew from $58k to $75k (+28%), an average of +13% a year. The sharpest change came in the year to March 2022, when income rose by 43%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, O M N I Swim Club Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Summit Gymnastics ($75k), Friends of the Pool and Park Foundation ($75k) and Central Bucks East Football Parents Club ($75k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $67k against liabilities of $1,301, net assets of $66k.