Greenlake Aquaducks Masters Swimmers Inc

Analysis

Greenlake Aquaducks Masters Swimmers Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Greenlake Aquaducks Masters Swimmers Inc reported income of $62k and spending of $53k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $62k (-4.4%), an average of -4.4% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greenlake Aquaducks Masters Swimmers Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include Tioga Youth Sports Association Inc ($62k), Hawaii Gay Flag Football League Inc ($62k) and Wenatchee Valley Sports Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $79k against liabilities of $2,384, net assets of $77k.