Mountain Springs Swimming Club Inc

Analysis

Mountain Springs Swimming Club Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Mountain Springs Swimming Club Inc reported income of $199k and spending of $262k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $199k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mountain Springs Swimming Club Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Southern Rhode Island Volunteers ($199k), San Gabriel Valley Alano Club ($199k) and Ralph Waldo Emerson School for Preschoolers Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $62k. At year end it held assets of $421k against liabilities of $397k, net assets of $24k. It reported 38 employees.

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.