Folsom Sea Otter Swim Club

Analysis

Folsom Sea Otter Swim Club is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in July 2012, 14 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, Folsom Sea Otter Swim Club reported income of $176k and spending of $164k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $176k (+14%), an average of +14% a year. 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, Folsom Sea Otter Swim Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Business Arts and Recreation Center Inc ($176k), Plaquemines Social Aid & Pleasure Club ($176k) and North Union United Soccer Club ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 77% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.