Palm Desert Swim Club

Analysis

Palm Desert Swim Club is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Palm Desert Swim Club reported income of $308k and spending of $283k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $308k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palm Desert Swim Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Fore Stark County Youth Development Inc ($308k), Mogollon Sporting Association Inc ($308k) and Alger Parks and Recreation Department Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $125k. At year end it held assets of $85k against liabilities of $47k, net assets of $38k. It reported 10 employees.