Swim for Life Foundation Inc

Analysis

Swim for Life Foundation Inc is a registered charity in United States, based in Aliso Viejo, CA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 June 2024, Swim for Life Foundation Inc reported income of $54k and spending of $165k, spending 303% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $136k to $54k (-60%), an average of -37% a year. The sharpest change came in the year to June 2023, when income dropped by 50%. Over the whole period it spent 142% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Swim for Life Foundation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Lyndhurst Police Emergency Squad ($54k), Prairie Qru and Fire Inc ($54k) and St James Rural Fire Department ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $135k against liabilities of $19k, net assets of $116k.