Indy Aquatic Masters Inc

Analysis

Indy Aquatic Masters Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indy Aquatic Masters Inc reported income of $237k and spending of $230k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $237k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indy Aquatic Masters Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Webster Athletes Association Girls Softball ($237k), Bay Area Youth Baseball Foundation ($237k) and Childrens Cruise & Playground Society ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $46k (20% of expenses). Other salaries and wages came to $53k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 15 employees.