Hammerhead Aquatics Inc

Analysis

Hammerhead Aquatics Inc is a registered charity in United States, based in Wilton Manors, FL. It received its IRS tax-exemption ruling in February 2005, 21 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, Hammerhead Aquatics Inc reported income of $145k and spending of $159k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $258k to $145k (-44%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hammerhead Aquatics Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Valley Wolfpack Football & Cheer Association ($145k), Center for Urban Family Life ($145k) and Deer Park Football Booster Club ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.