Southwest Florida Swim Club Inc

Analysis

Southwest Florida Swim Club Inc is a registered charity in United States, based in Estero, FL. It received its IRS tax-exemption ruling in September 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 December 2023, Southwest Florida Swim Club Inc reported income of $293k and spending of $293k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $293k (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southwest Florida Swim Club Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Centre Soccer Association Inc ($293k), Hickory Ridge Athletic Booster Club ($293k) and Morton Grove Baseball & Softball Association ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (33% of expenses). Other salaries and wages came to $26k. At year end it held assets of $70k against liabilities of $0, net assets of $70k. It reported 8 employees.