Redding Swim Club Inc

Analysis

Redding Swim Club Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in July 1988, 38 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 September 2023, Redding Swim Club Inc reported income of $211k and spending of $220k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $226k to $211k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2020, when income rose by 50%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redding Swim Club Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($211k), Kulanu Yachad ($211k) and Albany Berkeley Girls Softball League ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $46k (21% of expenses). Other salaries and wages came to $30k. At year end it held assets of $691k against liabilities of $500k, net assets of $191k. It reported 6 employees.