Bay Ridge Aquatics Institute Inc

Analysis

Bay Ridge Aquatics Institute Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2000, 26 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 October 2023, Bay Ridge Aquatics Institute Inc reported income of $370k and spending of $281k, leaving 24% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $383k to $370k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to October 2022, when income rose by 379%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bay Ridge Aquatics Institute Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Northern Colorado Rush Soccer ($369k), Marin County Swim Association ($370k) and Bluegrass Sports Commission Inc ($369k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $28k (9.8% of expenses). Other salaries and wages came to $161k. At year end it held assets of $183k against liabilities of $42k, net assets of $141k. It reported 18 employees.