Coral Springs Swim Club Inc

Analysis

Coral Springs Swim Club Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in July 2000, 26 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 August 2023, Coral Springs Swim Club Inc reported income of $326k and spending of $300k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $354k to $326k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coral Springs Swim Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Minford Athletic Boosters ($326k), Blue Knights Soccer Club ($326k) and Nenoa Inc ($326k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $402k against liabilities of $5,197, net assets of $397k.