Elmbrook Swim Club Ltd

Analysis

Elmbrook Swim Club Ltd is a registered charity in United States, based in Brookfield, WI. It received its IRS tax-exemption ruling in March 1976, 50 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, Elmbrook Swim Club Ltd reported income of $429k and spending of $366k, spending 85% of its income. Across the 5 years on record, from December 2019 to August 2023, income grew from $390k to $429k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to August 2022, when income rose by 119%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elmbrook Swim Club Ltd sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Foothills Gymnastics Association ($428k), Collegiate Conference of the South Inc ($429k) and Perham Area Youth Hockeyassociation ($428k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $119k (33% of expenses). Other salaries and wages came to $117k. At year end it held assets of $350k against liabilities of $0, net assets of $350k. It reported 52 employees.