North Coast Aquatic Team

Analysis

North Coast Aquatic Team is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in April 1998, 28 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 2023, North Coast Aquatic Team reported income of $477k and spending of $539k, spending 113% of what it took in. Across the 5 years on record, from April 2020 to July 2023, income grew from $221k to $477k (+116%), an average of +21% a year. The sharpest change came in the year to July 2023, when income rose by 1034%. 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, North Coast Aquatic Team sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include NHB Futbol Club Inc ($477k), Renaissance Knights Foundation ($477k) and Hamel Athletic Club ($476k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $129k (24% of expenses). Other salaries and wages came to $217k. At year end it held assets of $3,855 against liabilities of $58k, net assets of -$54k. It reported 50 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.