Rochester Swim Club Orcas

Analysis

Rochester Swim Club Orcas is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in April 2000, 26 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 August 2023, Rochester Swim Club Orcas reported income of $1.6m and spending of $1.9m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.6m (+4.0%), an average of +1.0% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rochester Swim Club Orcas sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Glenview Youth Soccer Association Inc ($1.6m), Chamber Classic Soccer Alliance Inc ($1.6m) and Ohio Equine and Agricultural Association Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $248k (13% of expenses). Other salaries and wages came to $747k. At year end it held assets of $1.2m against liabilities of $653k, net assets of $589k. It reported 159 employees.