Culver City Swim Club Inc

Analysis

Culver City Swim Club Inc is a registered charity in United States, based in Hawthorne, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Culver City Swim Club Inc reported income of $723k and spending of $663k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $723k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Culver City Swim Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Coyote Clay Target League Inc ($723k), East Carolina Junior Volleyball Club Inc ($724k) and Pine Summit Bible Camp and Conference Center ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (14% of expenses). Other salaries and wages came to $170k. At year end it held assets of $101k against liabilities of $0, net assets of $101k. It reported 21 employees.