Wildcat Aquatic Swim Club

Analysis

Wildcat Aquatic Swim Club is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2016, 10 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, Wildcat Aquatic Swim Club reported income of $1.1m and spending of $921k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $742k to $1.1m (+48%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wildcat Aquatic Swim Club sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Alabama Shakespeare Festival Endowment TR ($1.1m), Karate for Christ International Inc ($1.1m) and Pflugerville Football Club ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $120k (13% of expenses). Other salaries and wages came to $379k. At year end it held assets of $708k against liabilities of $476k, net assets of $231k. It reported 10 employees.