LA Jolla Aquatic Complex Foundation

Analysis

LA Jolla Aquatic Complex Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, LA Jolla Aquatic Complex Foundation reported income of $1.4m and spending of $972k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Jolla Aquatic Complex Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include School on Wheels of Massachusetts Inc ($1.4m), Montessori Community School Inc ($1.4m) and Am Yisroel Chai Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 58% of the total. Other salaries and wages came to $410k. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m. It reported 67 employees.