Beach Cities Swimming

Analysis

Beach Cities Swimming is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in March 2012, 14 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 December 2023, Beach Cities Swimming reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $840k to $1.3m (+53%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Beach Cities Swimming sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Southern Soccer Coalition Inc ($1.3m), Holla ($1.3m) and The First Tee of Greater Knoxville ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $118k (10.0% of expenses). Other salaries and wages came to $420k. At year end it held assets of $383k against liabilities of $0, net assets of $383k. It reported 13 employees.