Kachemak Swim Club Assoc

Analysis

Kachemak Swim Club Assoc is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in February 2015, 11 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 May 2023, Kachemak Swim Club Assoc reported income of $193k and spending of $154k, leaving 20% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $169k to $193k (+15%), an average of +15% a year. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kachemak Swim Club Assoc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within AK. Charities of a similar size with the same main cause include Shark Coast FC Inc ($193k), Real Henderson FC ($193k) and Virginia Gymnastics Booster Club Inc ($193k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 5.2% and program service revenue 56% of the total. At year end it held assets of $177k against liabilities of $250, net assets of $177k.