Naval Academy Junior Swim Club Incorporated

Analysis

Naval Academy Junior Swim Club Incorporated is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in March 1992, 34 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, Naval Academy Junior Swim Club Incorporated reported income of $1.1m and spending of $936k, spending 89% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $1.0m to $1.1m (+4.8%), an average of +0.9% a year. The sharpest change came in the year to August 2022, when income rose by 90%. 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, Naval Academy Junior Swim Club Incorporated sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Marannook Inc ($1.1m), Betsey Mills Corporation ($1.1m) and Heritage Hill Corporation ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $423k. At year end it held assets of $1.1m against liabilities of $453k, net assets of $614k. It reported 27 employees.