Iolani Swim Club

Analysis

Iolani Swim Club is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1994, 32 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, Iolani Swim Club reported income of $432k and spending of $409k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $236k to $432k (+83%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iolani Swim Club sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within HI. Charities of a similar size with the same main cause include Trinity Communications ($432k), New Hillel Academy ($432k) and The Intersection ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $286k. At year end it held assets of $126k against liabilities of $0, net assets of $126k.