Pearl City Aquatics Club

Analysis

Pearl City Aquatics Club is a registered charity in United States, based in Pearl City, HI. It received its IRS tax-exemption ruling in June 2016, 10 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, Pearl City Aquatics Club reported income of $77k and spending of $92k, spending 118% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $75k to $77k (+3.5%), an average of +3.5% a year. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pearl City Aquatics Club sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within HI. Charities of a similar size with the same main cause include Bridgewater Lacrosse Inc ($77k), Wells Football Foundation ($77k) and Marion Youth Sports Organization ($77k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 35% of the total. At year end it held assets of $36k against liabilities of $1,428, net assets of $35k.