Southern California Aquatic Masters Swimming Club

Analysis

Southern California Aquatic Masters Swimming Club is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, Southern California Aquatic Masters Swimming Club reported income of $527k and spending of $570k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $682k to $527k (-23%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern California Aquatic Masters Swimming Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include River Falls Youth Hockey ($527k), Capital City Juniors Inc ($527k) and Quality Sports Authority Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5,000 (0.9% of expenses). Other salaries and wages came to $184k. At year end it held assets of $34k against liabilities of $114k, net assets of -$80k. It reported 22 employees.