Sooner Swim Club of Norman Oklahoma Inc

Analysis

Sooner Swim Club of Norman Oklahoma Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in November 1974, 52 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 September 2023, Sooner Swim Club of Norman Oklahoma Inc reported income of $200k and spending of $191k, spending 96% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $187k to $200k (+6.8%), an average of +6.8% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sooner Swim Club of Norman Oklahoma Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include Scranton Half Marathon ($200k), Greece Cobra Soccer Club Inc ($200k) and North Franklin County Fair Association ($200k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $50k (26% of expenses). Other salaries and wages came to $6,976. At year end it held assets of $37k against liabilities of $3,700, net assets of $34k. It reported 5 employees.