North Baltimore Aquatic Club Inc

Analysis

North Baltimore Aquatic Club Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in January 1973, 53 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 2024, North Baltimore Aquatic Club Inc reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $1.1m to $1.5m (+43%), an average of +9.4% a year. The sharpest change came in the year to August 2022, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Baltimore Aquatic Club Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include California Amateur Hockey Association ($1.5m), Tri-City United Soccer Club ($1.5m) and Madison 56ers Soccer Club Inc ($1.5m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $136k (9.1% of expenses). Other salaries and wages came to $458k. At year end it held assets of $750k against liabilities of $126k, net assets of $625k. It reported 16 employees.