Long Beach Shore Aquatics Inc

Analysis

Long Beach Shore Aquatics Inc is a registered charity in United States, based in Seal Beach, CA. It received its IRS tax-exemption ruling in February 2013, 13 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, Long Beach Shore Aquatics Inc reported income of $329k and spending of $329k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $355k to $329k (-7.4%), an average of -2.5% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Long Beach Shore Aquatics 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 65th percentile within CA. Charities of a similar size with the same main cause include Weston Explosion ($329k), Weva Inc ($329k) and Liberty Elite Volleyball Club ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $72k (22% of expenses). Other salaries and wages came to $129k. At year end it held assets of $39k against liabilities of $22k, net assets of $17k.