Lancaster Aquatic Club

Analysis

Lancaster Aquatic Club is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in July 1990, 36 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 August 2023, Lancaster Aquatic Club reported income of $661k and spending of $453k, leaving 31% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $358k to $661k (+85%), an average of +17% a year. The sharpest change came in the year to August 2022, when income rose by 103%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lancaster Aquatic Club sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Patriot Aquatics ($660k), Van Cortlandt Park Alliance Inc ($661k) and Tarkanian Basketball Academy Inc ($660k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Other salaries and wages came to $111k. At year end it held assets of $268k against liabilities of $0, net assets of $268k. It reported 12 employees.