Fullerton Aquatics Sports Team Inc

Analysis

Fullerton Aquatics Sports Team Inc is a registered charity in United States, based in Fullerton, CA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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, Fullerton Aquatics Sports Team Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to August 2021, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fullerton Aquatics Sports Team Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Blue Star Recyclers ($1.3m), Jewish Review of Books Foundation ($1.3m) and New Mexico Black Leadership Council ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $264k (20% of expenses). Other salaries and wages came to $527k. At year end it held assets of $1.1m against liabilities of $307k, net assets of $772k. It reported 37 employees.