Water Rats Parents Club Inc

Analysis

Water Rats Parents Club Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in April 1997, 29 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, Water Rats Parents Club Inc reported income of $133k and spending of $134k, spending 100% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $85k to $133k (+57%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 324%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Water Rats Parents Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Desert Aquatics ($133k), Recyclery of Jefferson County ($133k) and Columbus Soccer Organization ($133k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. At year end it held assets of $256k against liabilities of $31k, net assets of $225k.