Slo Swim Club Inc

Analysis

Slo Swim Club Inc is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in September 2022, 4 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 December 2023, Slo Swim Club Inc reported income of $207k and spending of $194k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $207k (+207%), an average of +207% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Slo Swim Club Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Montgomery Youth Wrestling Leagueinc ($207k), Morrill County Rodeo Farm and Ranch Association Incorporated ($207k) and Kaleidoscope of Wny Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $61k. At year end it held assets of $34k against liabilities of $0, net assets of $34k. It reported 9 employees.