Irvine Youth Water Polo Corporation

Analysis

Irvine Youth Water Polo Corporation is a registered charity in United States, based in Laguna Niguel, CA. It received its IRS tax-exemption ruling in September 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, Irvine Youth Water Polo Corporation reported income of $1.9m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.9m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Irvine Youth Water Polo Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Bicycle Coalition of Greater Philadelphia ($1.9m), Reapers Hockey Association ($1.9m) and After School Interscholastic Sports Academy Dba Asisa ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $94k (5.3% of expenses). At year end it held assets of $187k against liabilities of $130k, net assets of $57k.