Aquatic Club of Elkhorn Incorporated

Analysis

Aquatic Club of Elkhorn Incorporated is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2008, 18 years ago. 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 August 2023, Aquatic Club of Elkhorn Incorporated reported income of $363k and spending of $388k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $357k to $363k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aquatic Club of Elkhorn Incorporated sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NE. Charities of a similar size with the same main cause include The Arc Portland Metro ($363k), American Friends of Chinuch Jerusalem Inc ($363k) and Little League Baseball Inc ($363k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $170k. At year end it held assets of $290k against liabilities of $519, net assets of $289k. It reported 19 employees.