Thurston Olympians Swim Club

Analysis

Thurston Olympians Swim Club is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in June 1968, 58 years ago. 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 2024, Thurston Olympians Swim Club reported income of $130k and spending of $134k, spending 103% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $81k to $130k (+60%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thurston Olympians Swim Club sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include American Youth Football Inc ($130k), Ikodhi Inc ($130k) and A Helpful Start for Mom ($130k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $46k (35% of expenses). Other salaries and wages came to $29k. At year end it held assets of $39k against liabilities of $0, net assets of $39k. It reported 9 employees.