Mobile Swim Association

Analysis

Mobile Swim Association is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 December 2023, Mobile Swim Association reported income of $286k and spending of $300k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $362k to $286k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mobile Swim Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Benton Community Vocational Building Trades Inc ($286k), Silent Voices ($286k) and Rangeley Friends of the Performing Arts Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $77k. At year end it held assets of $20k against liabilities of $7,753, net assets of $12k. It reported 11 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.