Solo Swim Club

Analysis

Solo Swim Club is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 August 2023, Solo Swim Club reported income of $277k and spending of $268k, spending 97% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $221k to $277k (+26%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Solo Swim Club sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Eastern Sierra Arts Alliance ($277k), First Church of United Brethren in Christ ($277k) and Emergency Aid of Boulder City Inc ($277k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $97k (36% of expenses). Other salaries and wages came to $40k. At year end it held assets of $67k against liabilities of $0, net assets of $67k.