Star Aquatics

Analysis

Star Aquatics is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. 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, Star Aquatics reported income of $94k and spending of $94k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $168k to $94k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Star Aquatics sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($94k), PTA Colorado Congress ($94k) and Creston-Arts Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $34k (36% of expenses). Other salaries and wages came to $14k. At year end it held assets of $4,585 against liabilities of $164, net assets of $4,421.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.