Southgate Swim Club Inc

Analysis

Southgate Swim Club Inc is a registered charity in United States, based in Mount Eden, CA. It received its IRS tax-exemption ruling in March 1968, 58 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, Southgate Swim Club Inc reported income of $113k and spending of $80k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $113k (+7.3%), an average of +7.3% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southgate Swim Club Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Redbirds Baseball of Maryland Inc ($113k), Oak Grove Memorial Park and Recreations Inc ($113k) and Manchester Soccer Club Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $234k against liabilities of $500, net assets of $234k.