Walnut Creek Masters Swimming Association

Analysis

Walnut Creek Masters Swimming Association is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in April 1990, 36 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, Walnut Creek Masters Swimming Association reported income of $579k and spending of $507k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $579k (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Walnut Creek Masters Swimming Association sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Friends of Hoop Seattle ($578k), Hydra Aquatics Inc ($579k) and North Cincinnati Classics Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $260k (51% of expenses). Other salaries and wages came to $81k. At year end it held assets of $405k against liabilities of -$5,002, net assets of $410k. It reported 6 employees.