Ridgefield Regional Aquatic Club Inc

Analysis

Ridgefield Regional Aquatic Club Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in January 1992, 34 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 2023, Ridgefield Regional Aquatic Club Inc reported income of $710k and spending of $878k, spending 124% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $555k to $710k (+28%), an average of +6.4% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ridgefield Regional Aquatic Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Orono Ice Arena Inc ($710k), International Mountain Bicycling Association ($710k) and Hingham Youth Hockey Inc ($710k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.8% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $123k (14% of expenses). At year end it held assets of $701k against liabilities of $498k, net assets of $203k.