Society for the Restoration of the Gary Bathing Beach Aquatorium

Analysis

Society for the Restoration of the Gary Bathing Beach Aquatorium is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society for the Restoration of the Gary Bathing Beach Aquatorium reported income of $54k and spending of $75k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $54k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 407%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Restoration of the Gary Bathing Beach Aquatorium sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Center for the Narrative and Lyric Arts ($54k), White Wings & Silver Strings ($54k) and Mohawk Trail Concerts Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $592k against liabilities of $0, net assets of $592k.