Greater Toledo Aquatic Club

Analysis

Greater Toledo Aquatic Club is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in June 1976, 50 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 September 2023, Greater Toledo Aquatic Club reported income of $261k and spending of $271k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $224k to $261k (+17%), an average of +3.9% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Toledo Aquatic Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Salmon City Golf Association Inc ($260k), Evergreen Swim Team Inc ($261k) and Boone County Fair Inc ($260k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (14% of expenses). Other salaries and wages came to $73k. At year end it held assets of $85k against liabilities of $11k, net assets of $74k. It reported 24 employees.