Des Moines Swimming Federation

Analysis

Des Moines Swimming Federation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in July 1981, 45 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 August 2024, Des Moines Swimming Federation reported income of $507k and spending of $494k, spending 97% of its income. Across the 5 years on record, from December 2019 to August 2024, income grew from $282k to $507k (+80%), an average of +16% a year. The sharpest change came in the year to August 2023, when income rose by 70%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Des Moines Swimming Federation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Gleneida Housing Development Fund Company Inc ($507k), My Sisters House Inc ($507k) and El Paso Hebrew Day School Association Inc ($507k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $16k (3.3% of expenses). Other salaries and wages came to $207k. At year end it held assets of $103k against liabilities of $7,195, net assets of $96k. It reported 27 employees.