Long Beach Swim Club

Analysis

Long Beach Swim Club is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 1969, 57 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, Long Beach Swim Club reported income of $140k and spending of $134k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $140k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Beach Swim Club sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Weathervane United Inc ($140k), The Mississippi Academy of Family Physicians Foundation ($140k) and Little League Baseball Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $65k against liabilities of $5,917, net assets of $59k.