Laramie Swim Club Inc

Analysis

Laramie Swim Club Inc is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in April 1977, 49 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, Laramie Swim Club Inc reported income of $139k and spending of $149k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $139k (-6.8%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income rose by 21%. 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, Laramie Swim Club Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WY. Charities of a similar size with the same main cause include United States Fencing Foundation ($139k), Walk Offs Softball Team ($139k) and Noel Soccer Foundation Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $69k against liabilities of $3,736, net assets of $65k. It reported 49 employees.