Chelsea Aquatic Club

Analysis

Chelsea Aquatic Club is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in January 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 July 2024, Chelsea Aquatic Club reported income of $87k and spending of $85k, spending 98% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $96k to $87k (-9.5%), an average of -9.5% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chelsea Aquatic Club sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Winthrop Little League Inc ($87k), Terrace Brier Soccer Club ($87k) and Roseville Youth Lacrosse Club Inc ($87k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 0.1% and program service revenue 13% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.