Valdez Swim Club Inc

Analysis

Valdez Swim Club Inc is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in August 1995, 31 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 December 2023, Valdez Swim Club Inc reported income of $89k and spending of $107k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $89k (-3.2%), an average of -3.2% a year. 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, Valdez Swim Club Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within AK. Charities of a similar size with the same main cause include Kanawha Valley Soccer League Inc ($89k), Eastern Collegiate Football Officials Association ($89k) and Alaska Biathlon Club ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 1.7% of the total. At year end it held assets of $33k against liabilities of $2,297, net assets of $31k.