Longmont Swim Club Inc

Analysis

Longmont Swim Club Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in April 1975, 51 years ago. 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, Longmont Swim Club Inc reported income of $240k and spending of $228k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $240k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Longmont Swim Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include Community Cupboard of Woodland Park Inc ($240k), United States Amateur Boxing Inc ($240k) and Human Life of Washington Education Foundation ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $84k. At year end it held assets of $181k against liabilities of $0, net assets of $181k. It reported 6 employees.