Stafford Aquatics Team Inc

Analysis

Stafford Aquatics Team Inc is a registered charity in United States, based in Stafford, VA. It received its IRS tax-exemption ruling in November 2007, 19 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, Stafford Aquatics Team Inc reported income of $274k and spending of $266k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $274k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stafford Aquatics Team Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Millennium Futbol Club ($274k), Buena Ventura Youth Football Association ($274k) and Cincinnati West Soccer Club Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $134k. At year end it held assets of $69k against liabilities of $32k, net assets of $37k.