Kingfish Swim Club

Analysis

Kingfish Swim Club is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in June 2023, 3 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 2022, Kingfish Swim Club reported income of $60k and spending of $64k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $62k to $60k (-3.9%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kingfish Swim Club sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Fort Atkinson Boys Basketball Association Inc ($60k), Crossville Recreational Youth Soccer Association ($60k) and Titan Youth Football League Inc ($60k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.