Blue Wave Aquatic Club Incorporated

Analysis

Blue Wave Aquatic Club Incorporated is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in August 2012, 14 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 August 2023, Blue Wave Aquatic Club Incorporated reported income of $189k and spending of $154k, spending 82% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $95k to $189k (+98%), an average of +98% a year. The sharpest change came in the year to August 2023, when income rose by 98%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blue Wave Aquatic Club Incorporated sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Peachtree Curling Association ($189k), Rocky Hill Soccer Club Inc ($189k) and Silver Trail Riders ($189k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.