Vancouver Swim Club

Analysis

Vancouver Swim Club is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in July 1981, 45 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 December 2023, Vancouver Swim Club reported income of $84k and spending of $116k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $84k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vancouver Swim Club sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include World of Learning Academy Inc ($84k), PTA Florida Congress ($84k) and Friends of the Grosse Pointe Public Library ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Other salaries and wages came to $35k. At year end it held assets of $29k against liabilities of $62k, net assets of -$32k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.