Annapolis Swim Club Corporation

Analysis

Annapolis Swim Club Corporation is a registered charity in United States, based in Riva, MD. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Annapolis Swim Club Corporation reported income of $774k and spending of $608k, leaving 21% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $394k to $774k (+97%), an average of +25% a year. The sharpest change came in the year to August 2022, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Annapolis Swim Club Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Steves Camp at Horizon Farms Inc ($774k), Mountain Communities Boys and Girls Club ($775k) and Totem Star ($774k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $71k (12% of expenses). Other salaries and wages came to $124k. At year end it held assets of $400k against liabilities of $0, net assets of $400k. It reported 21 employees.