Port Angeles Swim Club

Analysis

Port Angeles Swim Club is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in June 1978, 48 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 2023, Port Angeles Swim Club reported income of $93k and spending of $108k, spending 116% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $106k to $93k (-12%), an average of -12% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Angeles Swim Club sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within WA. Charities of a similar size with the same main cause include Portland Indigenous Marketplace ($93k), Salisbury Youth Hockey Inc ($93k) and Little League Baseball Inc ($93k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $1 against liabilities of $6,551, net assets of -$6,550.