High Point Swim Club Inc

Analysis

High Point Swim Club Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in September 1961, 65 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, High Point Swim Club Inc reported income of $249k and spending of $312k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $286k to $249k (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2020, when income rose by 161%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, High Point Swim Club Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Page Valley Agricultural & Industrial Fair Association Inc ($249k), Kids on the Ball Inc ($249k) and Crested Butte Wildflower Festival Inc ($248k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.9% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $49k (16% of expenses). Other salaries and wages came to $83k. At year end it held assets of $786k against liabilities of $247k, net assets of $539k. It reported 23 employees.