Swemkids International Inc

Analysis

Swemkids International Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in June 2019, 7 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, Swemkids International Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $725k to $1.3m (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swemkids International Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Grand Strand Juniors Volleyball Club ($1.3m), Crystal Mountain Alpine Club ($1.3m) and Park Management Company Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $179k (15% of expenses). Other salaries and wages came to $349k. At year end it held assets of $167k against liabilities of $16k, net assets of $151k. It reported 72 employees.