Minot Swim Club Inc

Analysis

Minot Swim Club Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in January 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Minot Swim Club Inc reported income of $238k and spending of $252k, spending 106% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $233k to $238k (+2.3%), an average of +0.5% a year. The sharpest change came in the year to August 2022, when income rose by 81%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot Swim Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 51st percentile within ND. Charities of a similar size with the same main cause include Programs of Religious Activities with Youth ($238k), Steger Wilderness Center for Innovation and Leadership ($238k) and Harrison Industries Incorporated ($238k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. Other salaries and wages came to $159k. At year end it held assets of $221k against liabilities of $364, net assets of $221k. It reported 44 employees.