Loveland Swim Club Inc

Analysis

Loveland Swim Club Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in January 1986, 40 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 2024, Loveland Swim Club Inc reported income of $301k and spending of $265k, spending 88% of its income. Across the 5 years on record, from August 2020 to August 2024, income fell from $322k to $301k (-6.5%), an average of -1.7% a year. The sharpest change came in the year to August 2022, when income rose by 71%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Loveland Swim Club 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 59th percentile within CO. Charities of a similar size with the same main cause include Top Tier South Inc ($301k), Grosse Iie Hockey Association Inc ($301k) and Mid Valley Soccer Club ($301k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $132k. At year end it held assets of $20k against liabilities of $274k, net assets of -$254k. It reported 42 employees.