Woodbridge Aquatic Club Inc

Analysis

Woodbridge Aquatic Club Inc is a registered charity in United States, based in Woodbridge, CT. It received its IRS tax-exemption ruling in April 2006, 20 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, Woodbridge Aquatic Club Inc reported income of $136k and spending of $115k, spending 85% of its income. Across the 3 years on record, from August 2019 to August 2023, income fell from $254k to $136k (-47%), an average of -27% a year. The sharpest change came in the year to August 2020, when income dropped by 43%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woodbridge Aquatic Club Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include Hempfield Area Ice Hockey Association ($136k), SCC Swat Fast Pitch ($136k) and Power of Hope Equestrian Center ($136k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.