Oceanside Swim Club

Analysis

Oceanside Swim Club is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in August 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Oceanside Swim Club reported income of $117k and spending of $86k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $66k to $117k (+79%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oceanside Swim Club sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Valley Center Pauma Youth Sports Organization ($117k), Arizona Aquatic Club Inc ($117k) and Upper Perkiomen Youth Baseball Association ($117k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.