Parkland Aquatic Club

Analysis

Parkland Aquatic Club is a registered charity in United States, based in Breinigsville, PA. It received its IRS tax-exemption ruling in February 1992, 34 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, Parkland Aquatic Club reported income of $504k and spending of $511k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $312k to $504k (+61%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 142%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parkland Aquatic Club sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Travis County Medical Society Foundation ($504k), Bach Society of St Louis ($504k) and Ensemble Iberica Inc ($504k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.8% and program service revenue 90% of the total. Other salaries and wages came to $154k. At year end it held assets of $313k against liabilities of $338k, net assets of -$25k. It reported 33 employees.