Swim Melbourne Foundation Inc

Analysis

Swim Melbourne Foundation Inc is a registered charity in United States, based in Indialantic, FL. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swim Melbourne Foundation Inc reported income of $300k and spending of $8,973, leaving 97% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $299k to $300k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 2.8% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Swim Melbourne Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Southwest Alaska Arts Group ($300k), United States Bowling Congress Inc ($300k) and Miracle League of Sioux City ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $782k against liabilities of $8,770, net assets of $773k.