MC Allen Swim Club Inc

Analysis

MC Allen Swim Club Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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 May 2024, MC Allen Swim Club Inc reported income of $76k and spending of $77k, spending 101% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $140k to $76k (-46%), an average of -12% a year. The sharpest change came in the year to May 2022, when income rose by 440%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MC Allen Swim Club Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include PTA Texas Congress ($76k), Spartans Youth Football ($76k) and Love Inc of Greater Hammond ($76k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $22k against liabilities of $0, net assets of $22k. It reported 2 employees.