Northern Nevada Aquatics Corp

Analysis

Northern Nevada Aquatics Corp is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 2011, 15 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, Northern Nevada Aquatics Corp reported income of $237k and spending of $247k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $270k to $237k (-12%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northern Nevada Aquatics Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within NV. Charities of a similar size with the same main cause include Bedford United Athletic Club ($237k), Minocqua Forest Riders Snowmobile Club Inc ($237k) and Brookings Swim Club Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (29% of expenses). Other salaries and wages came to $25k. At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 8 employees.