Iowa City Eels Swim Club Inc

Analysis

Iowa City Eels Swim Club Inc is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in November 1986, 40 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 March 2023, Iowa City Eels Swim Club Inc reported income of $74k and spending of $100k, spending 137% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $123k to $74k (-40%), an average of -40% a year. The sharpest change came in the year to March 2023, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa City Eels Swim Club Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within IA. Charities of a similar size with the same main cause include Junior Golf Association of Broward County Inc ($74k), Spina Bifida Association of Alabama ($74k) and Strasburg Heritage Society ($74k).

On its Form 990-EZ for the period ending March 2023, revenue came from program service revenue 15% of the total. At year end it held assets of $119k against liabilities of $18k, net assets of $101k.