Glacier Swim Club Inc

Analysis

Glacier Swim Club Inc is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in September 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Glacier Swim Club Inc reported income of $369k and spending of $418k, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $353k to $369k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to May 2021, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Glacier Swim Club Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within AK. Charities of a similar size with the same main cause include Rock Ridge Youth Hockey Association ($369k), Jets of Harlem Inc ($369k) and Fairfax Adult Softball Inc ($369k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 81% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $114k (27% of expenses). Other salaries and wages came to $149k. At year end it held assets of $379k against liabilities of $56k, net assets of $323k. It reported 23 employees.