Team New York Aquatics Inc

Analysis

Team New York Aquatics Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1996, 30 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 December 2023, Team New York Aquatics Inc reported income of $293k and spending of $319k, spending 109% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $457k to $293k (-36%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team New York Aquatics Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Windham Soccer Association Inc ($293k), Hudson River Rowing Association Inc ($293k) and Mosswood Golf & Recreation ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $7,400 (2.3% of expenses). At year end it held assets of $107k against liabilities of $41k, net assets of $66k.