Riverside Aquatic Club Inc

Analysis

Riverside Aquatic Club Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Riverside Aquatic Club Inc reported income of $327k and spending of $324k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $144k to $327k (+127%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Aquatic Club Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Veterans of Armenia ($327k), Peak Abundance ($327k) and Howell Township First Aid Squad No 1 ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $110k (34% of expenses). Other salaries and wages came to $119k. At year end it held assets of $167k against liabilities of $0, net assets of $167k. It reported 43 employees.