South Tampa Aquatic Team Inc

Analysis

South Tampa Aquatic Team Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2009, 17 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, South Tampa Aquatic Team Inc reported income of $435k and spending of $461k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $435k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Tampa Aquatic Team Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Camp Albrecht Acres of the Midwest ($435k), San Francisco Juniors Volleyball Club ($436k) and Glaciers Sports Inc ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $115k (25% of expenses). Other salaries and wages came to $110k. At year end it held assets of $262k against liabilities of $6,024, net assets of $256k. It reported 13 employees.