Rain City Water Polo Club

Analysis

Rain City Water Polo Club is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 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, Rain City Water Polo Club reported income of $392k and spending of $433k, spending 110% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $252k to $392k (+55%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 103%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rain City Water Polo Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Baltimore County Sailing Center Incorporated ($392k), Los Alamitos Junior Baseball ($392k) and Plant High Rowing Association Inc ($392k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $59k (14% of expenses). Other salaries and wages came to $72k. At year end it held assets of $42k against liabilities of $0, net assets of $42k. It reported 22 employees.

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.