Walter Schroeder Aquatic Center Ltd

Analysis

Walter Schroeder Aquatic Center Ltd is a registered charity in United States, based in Brown Deer, WI. It received its IRS tax-exemption ruling in May 2008, 18 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 December 2023, Walter Schroeder Aquatic Center Ltd reported income of $1.9m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Walter Schroeder Aquatic Center Ltd sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include William J Palmer Parks Foundation Inc ($1.9m), Red Slopes Soccer Foundation ($1.9m) and Bayareachess Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Other salaries and wages came to $894k. At year end it held assets of $3.1m against liabilities of $586k, net assets of $2.5m. It reported 90 employees.