Triangle Aquatic Center

Analysis

Triangle Aquatic Center is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in October 2002, 24 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, Triangle Aquatic Center reported income of $4.9m and spending of $4.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to August 2023, income fell from $5.5m to $4.9m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 36%. 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, Triangle Aquatic Center sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Colorado Soccer Association ($4.9m), Club Ohio Soccer Inc ($5.0m) and CST Baseball Inc ($4.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 80% of the total. Other salaries and wages came to $959k. At year end it held assets of $25.8m against liabilities of $19.1m, net assets of $6.7m. It reported 208 employees.