Irvine Aquazot Swim Club

Analysis

Irvine Aquazot Swim Club is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in July 2001, 25 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, Irvine Aquazot Swim Club reported income of $929k and spending of $775k, spending 83% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $651k to $929k (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Irvine Aquazot Swim Club sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Evansville Parks Foundation Inc ($929k), Washington Officials Association ($930k) and Fort Wayne Sport Club Youth Soccer Inc ($928k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $146k (19% of expenses). Other salaries and wages came to $200k. At year end it held assets of $628k against liabilities of $145k, net assets of $483k. It reported 9 employees.