American Energy Swim Club

Analysis

American Energy Swim Club is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in January 1971, 55 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 (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, American Energy Swim Club reported income of $538k and spending of $529k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $535k to $538k (+0.6%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Energy Swim Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include Little League Baseball Inc ($538k), Telluride Mountain Club ($538k) and Connecticut Boat Club ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 14% of the total. Other salaries and wages came to $208k. At year end it held assets of $724k against liabilities of $31k, net assets of $692k. It reported 2 employees.