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Carmel Swim Club

EIN 35-1468610 · Carmel, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak24 out of 100GovernanceGood84 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 55 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO PROMOTE AMATEUR SWIMMING AND PHYSICAL FITNESS

Income
$2.9 million
Spending
$3.1 million
Spent on programs
81%
Reserves
-2.6 months of spending
Largest source of income
fees for its services, 93%
Employees
162
Volunteers
650
Highest pay
$259,929, ceo / head c

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 24 out of 100.

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 71% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 6% of income.

  • Income trend

    15 of 15

    Income rose 9% on the year before.

  • Spending floor

    0 of 15

    81% of spending went to programs and raising each dollar of donations cost 55 cents.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 84 out of 100.

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $2.5 million spent. TEACH SWIM LESSONS, HOLD SWIM MEETS, AND OTHER VARIOUS ACTIVITIES THROUGHOUT THE YEAR TO PROMOTE AMATEUR SWIMMING. PROMOTE PHYSICAL FITNESS, MUSCLE DEVELOPMENT, AND COORDINATION IN YOUTH AND CHILDREN THRU STRENGTH AND CONDITIONING CLASSES. WE PROVIDE OPPORTUNITY AND INSTRUCTION FOR MEMBERS TO COMPETE IN NATIONAL AMATEUR SWIMMING COMPETITIONS. THE CLUB MANAGES THE AQUATICS CENTER FOR BENEFIT OF THE CARMEL COMMUNITY ON BEHALF OF CARMEL CLAY SCHOOLS. THE AQUATICS CENTER PROVIDES PROGRAMS AND ACTIVITIES TO MEET THE NEEDS OF ALL AGE GROUPS, INCLUDING SENIOR ADULTS. ON JULY 5, 2023 WE OPENED AND BEGAN MANAGING A NEW LEASED POOL FACILITY IN THE CARMEL COMMUNITY. THIS LARGER FACILITY ALLOWS US TO OFFER MORE PROGRAMS AND AVAILABILITY TO THE COMMUNITY.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending August 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.