Charter Oak Aquatic Club Inc

Analysis

Charter Oak Aquatic Club Inc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in October 1978, 48 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 August 2024, Charter Oak Aquatic Club Inc reported income of $202k and spending of $248k, spending 122% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income fell from $235k to $202k (-14%), an average of -7.1% a year. The sharpest change came in the year to August 2024, when income dropped by 28%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charter Oak Aquatic Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include South Jones High School Band Parent Association ($202k), Broken Men Foundation ($202k) and Hawaii Youth Opera Chorus ($202k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.