Aquatic Booster Club of the Southern Marlins Racing Team Inc

Analysis

Aquatic Booster Club of the Southern Marlins Racing Team Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aquatic Booster Club of the Southern Marlins Racing Team Inc reported income of $284k and spending of $249k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $284k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 78%. 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, Aquatic Booster Club of the Southern Marlins Racing Team Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Beresford Parks Recreation and Community Education Inc ($284k), New England Collegiate Baseball League Inc ($284k) and American Delirium Society ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 4.5% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.