Star Swim Club Inc

Analysis

Star Swim Club Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1987, 39 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, Star Swim Club Inc reported income of $106k and spending of $141k, spending 133% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $341k to $106k (-69%), an average of -25% a year. The sharpest change came in the year to August 2021, when income rose by 127%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Star Swim Club Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Cedar Grove Junior Baseball & Softball League Inc ($106k), Goshen Junior Sports & Recreation Association ($106k) and Ankeny Hawks Shooting Sports Foundation ($106k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.