Palo Alto Swim Club

Analysis

Palo Alto Swim Club is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in October 1987, 39 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, Palo Alto Swim Club reported income of $1.5m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $956k to $1.5m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palo Alto Swim Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Highlands County Fair Association Inc ($1.5m), Chattanooga FC Foundation ($1.5m) and Smithtown Kickers Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $146k (11% of expenses). Other salaries and wages came to $441k. At year end it held assets of $672k against liabilities of $0, net assets of $672k. It reported 13 employees.