Pittsburgh Elite Aquatics

Analysis

Pittsburgh Elite Aquatics is a registered charity in United States, based in Presto, PA. It received its IRS tax-exemption ruling in April 1989, 37 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, Pittsburgh Elite Aquatics reported income of $742k and spending of $734k, spending 99% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $258k to $742k (+188%), an average of +42% a year. The sharpest change came in the year to August 2022, when income rose by 85%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pittsburgh Elite Aquatics sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Severson Dells Educational Foundation ($742k), Port City Enterprises Inc ($742k) and American Foundation for University of the West Indies Inc ($742k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $393k. At year end it held assets of $678k against liabilities of $335k, net assets of $343k. It reported 42 employees.