Belmont Aquatic Team Inc

Analysis

Belmont Aquatic Team Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in May 1981, 45 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 August 2024, Belmont Aquatic Team Inc reported income of $217k and spending of $181k, spending 84% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $189k to $217k (+15%), an average of +2.8% a year. The sharpest change came in the year to August 2020, when income dropped by 30%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Belmont Aquatic Team Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Metropolitan D C Virginia Soccer Association Inc ($217k), Spike Frog Volleyball ($217k) and Hawaii Aquatics Foundation ($217k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $91k. At year end it held assets of $320k against liabilities of $9,416, net assets of $311k. It reported 1 employees.