Skyline Swim Club

Analysis

Skyline Swim Club is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 2002, 24 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 2023, Skyline Swim Club reported income of $212k and spending of $189k, spending 89% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $154k to $212k (+38%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 133%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Skyline Swim Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within UT. Charities of a similar size with the same main cause include Norcal Sports Academy ($212k), Desert Diamonds Booster Association Inc ($212k) and Miss Tampa Bay Softball at Fishhawk Inc ($212k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3,000 (1.6% of expenses). Other salaries and wages came to $65k. At year end it held assets of $98k against liabilities of $0, net assets of $98k. It reported 7 employees.