Coronado Aquatics Club

Analysis

Coronado Aquatics Club is a registered charity in United States, based in Coronado, CA. It received its IRS tax-exemption ruling in January 1996, 30 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, Coronado Aquatics Club reported income of $125k and spending of $166k, spending 133% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $232k to $125k (-46%), an average of -14% a year. The sharpest change came in the year to August 2020, when income dropped by 42%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coronado Aquatics Club sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include PHS Titans Boosters Inc ($125k), Amateur Athletic Union of the United States Inc ($125k) and Bda Select Inc ($125k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.