Charlotte Swim Association Inc

Analysis

Charlotte Swim Association Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 1995, 31 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, Charlotte Swim Association Inc reported income of $704k and spending of $823k, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $813k to $704k (-13%), an average of -3.5% a year. The sharpest change came in the year to August 2022, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlotte Swim Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Community Recreation of Northern Mercer County Inc ($704k), California Cricket Academy ($705k) and Chippewa County Fair ($704k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 38% of the total. Other salaries and wages came to $374k. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 17 employees.