Humboldt Swim Club

Analysis

Humboldt Swim Club is a registered charity in United States, based in Bayside, CA. It received its IRS tax-exemption ruling in November 1976, 50 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, Humboldt Swim Club reported income of $227k and spending of $189k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $197k to $227k (+15%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Humboldt Swim Club sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Habersham County Churches in Cooperative Ministry Inc ($227k), Portland Fellowship ($227k) and Baltimore Zionist District Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $29k (15% of expenses). Other salaries and wages came to $49k. At year end it held assets of $185k against liabilities of $2,564, net assets of $182k. It reported 13 employees.