Viking Swim Club Inc

Analysis

Viking Swim Club Inc is a registered charity in United States, based in Petersburg, AK. It received its IRS tax-exemption ruling in April 1996, 30 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 August 2023, Viking Swim Club Inc reported income of $143k and spending of $122k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $96k to $143k (+48%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Viking Swim Club Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 41st percentile within AK. Charities of a similar size with the same main cause include Fever Aau Inc ($143k), Sbyfa Inc ($143k) and Girls Rugby Inc ($142k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 39% of the total. Other salaries and wages came to $41k. At year end it held assets of $93k against liabilities of $1,803, net assets of $91k. It reported 2 employees.