Los Angeles Swim Club

Analysis

Los Angeles Swim Club is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in February 2008, 18 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, Los Angeles Swim Club reported income of $736k and spending of $714k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $736k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Angeles Swim Club 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 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include MN Elite Girls Lacrosse Club Inc ($736k), Boulder Valley Cycling Alliance ($736k) and Lawrence County Farm Show Inc ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $84k (12% of expenses). Other salaries and wages came to $293k. At year end it held assets of $473k against liabilities of $15k, net assets of $459k. It reported 9 employees.