Monterey Bay Swim Club

Analysis

Monterey Bay Swim Club is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in October 2019, 7 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, Monterey Bay Swim Club reported income of $437k and spending of $463k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $437k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monterey Bay Swim Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Five Fires Foundation ($437k), Ysk Events ($437k) and Max Performance Volleyball ($437k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $246k. At year end it held assets of $82k against liabilities of $293, net assets of $82k. It reported 8 employees.