Santa Clara Swim Club

Analysis

Santa Clara Swim Club is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in June 1973, 53 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, Santa Clara Swim Club reported income of $2.9m and spending of $3.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.9m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Clara Swim Club sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Sheriffs Association of Texas Inc ($2.9m), Garvey Allen Visual and Performing Arts Academy for Science ($2.9m) and Moorestown Ecumenical Neighborhood Development Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $309k (9.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.0m against liabilities of $174k, net assets of $831k. It reported 114 employees.