Greater Richmond Aquatics Partnership

Analysis

Greater Richmond Aquatics Partnership is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Greater Richmond Aquatics Partnership reported income of $6.1m and spending of $6.0m, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.0m to $6.1m (+107%), an average of +20% a year. The sharpest change came in the year to July 2023, when income rose by 42%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Richmond Aquatics Partnership sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Kaleidoscope Park Foundation ($6.1m), Major League Baseball Youth Foundation ($6.2m) and FC Greater Boston Bolts Inc ($6.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $180k (3.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $12.5m against liabilities of $9.4m, net assets of $3.1m. It reported 254 employees.