Boilermaker Aquatics Inc

Analysis

Boilermaker Aquatics Inc is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in March 2016, 10 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, Boilermaker Aquatics Inc reported income of $396k and spending of $392k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $317k to $396k (+25%), an average of +5.7% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Boilermaker Aquatics Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Friends of Team Armenia Basketball ($396k), Stevens County Agricultural Society ($396k) and Northern Virginia Sports Association Inc ($395k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $69k (18% of expenses). Other salaries and wages came to $127k. At year end it held assets of $308k against liabilities of $133k, net assets of $175k. It reported 16 employees.