Center Grove Aquatic Club Inc

Analysis

Center Grove Aquatic Club Inc is a registered charity in United States, based in Greenwood, IN. It received its IRS tax-exemption ruling in June 1997, 29 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 August 2023, Center Grove Aquatic Club Inc reported income of $538k and spending of $521k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $331k to $538k (+63%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 161%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Center Grove Aquatic Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Wisconsin Rapids Youth Baseball Association Inc ($537k), Metro Area Tournament Committee ($538k) and Des Moines Area Sports Commission ($537k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $290k. At year end it held assets of $248k against liabilities of $23k, net assets of $225k. It reported 63 employees.