Lower Merion Aquatic Club Inc

Analysis

Lower Merion Aquatic Club Inc is a registered charity in United States, based in Merion Sta, PA. It received its IRS tax-exemption ruling in April 2019, 7 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 June 2023, Lower Merion Aquatic Club Inc reported income of $322k and spending of $293k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $299k to $322k (+7.6%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lower Merion Aquatic Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include SCV Hockey Group Inc ($322k), Central States Developmental Hockey League ($322k) and Delaware Youth Athletic Association ($322k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $137k. At year end it held assets of $175k against liabilities of $0, net assets of $175k. It reported 26 employees.