Coast Aquatics Inc

Analysis

Coast Aquatics Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in January 2006, 20 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 March 2024, Coast Aquatics Inc reported income of $290k and spending of $290k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $302k to $290k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to March 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coast Aquatics Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Hinsdale Falcon Football ($290k), Richland Area Community Center ($290k) and Team Tucker Association ($290k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $66k (23% of expenses). At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 1 employees.