Coast Guard Blue Dolphins Swim Club

Analysis

Coast Guard Blue Dolphins Swim Club is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in July 1999, 27 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 July 2023, Coast Guard Blue Dolphins Swim Club reported income of $1.1m and spending of $1.2m, spending 114% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $681k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coast Guard Blue Dolphins 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 VA. Charities of a similar size with the same main cause include Utah Arsenal Futbol Club ($1.1m), Chinto Martial Arts Inc ($1.1m) and Nba Players Legacy Fund Inc ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Other salaries and wages came to $656k. At year end it held assets of $906 against liabilities of $130k, net assets of -$129k. It reported 61 employees.