Omaha Westside Swim Club

Analysis

Omaha Westside Swim Club is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in February 1972, 54 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 July 2023, Omaha Westside Swim Club reported income of $365k and spending of $341k, spending 93% of its income. Across the 4 years on record, from July 2019 to July 2023, income grew from $306k to $365k (+19%), an average of +6.1% a year. The sharpest change came in the year to July 2023, when income rose by 33%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Omaha Westside Swim Club sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NE. Charities of a similar size with the same main cause include Riding Centre Association ($365k), Keshet Chaim Dancers ($365k) and Brave Ready Inc ($365k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $113k (33% of expenses). Other salaries and wages came to $71k. At year end it held assets of $260k against liabilities of $4,387, net assets of $256k. It reported 21 employees.