Capital District Aquatics Corporation

Analysis

Capital District Aquatics Corporation is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Capital District Aquatics Corporation reported income of $58k and spending of $61k, spending 107% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $68k to $58k (-15%), an average of -15% a year. The sharpest change came in the year to August 2023, when income dropped by 15%. Over the whole period it spent 116% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Capital District Aquatics Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Lower Swatara Township Athletic Association ($58k), Judson Area Aquatic Club Inc ($58k) and Park City Lacrosse Organization LLC ($58k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $7,114 against liabilities of $1,109, net assets of $6,005.