Palos Verdes Aquatic Club

Analysis

Palos Verdes Aquatic Club is a registered charity in United States, based in PLS VRDS Est, CA. It received its IRS tax-exemption ruling in December 1997, 29 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, Palos Verdes Aquatic Club reported income of $220k and spending of $246k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $105k to $220k (+109%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 326%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palos Verdes Aquatic Club sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Winchester Swim Team Inc ($220k), Unionville Rowing Club Inc ($221k) and Naperville North Huskies Hockey Club ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $85k (35% of expenses). Other salaries and wages came to $92k. At year end it held assets of $61k against liabilities of $3,149, net assets of $58k. It reported 13 employees.