Lakeside Swim Club Corp

Analysis

Lakeside Swim Club Corp is a registered charity in United States, based in Slidell, LA. It received its IRS tax-exemption ruling in March 2017, 9 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 August 2023, Lakeside Swim Club Corp reported income of $105k and spending of $113k, spending 107% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $110k to $105k (-4.2%), an average of -4.2% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeside Swim Club Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Waupaca Curling Club Inc ($105k), Chicago Glider Club ($105k) and Metamora Germantown Hills Junior Football League ($105k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $2,118 against liabilities of $0, net assets of $2,118.