Elite Aquatics Sports Team Inc

Analysis

Elite Aquatics Sports Team Inc is a registered charity in United States, based in Yorba Linda, CA. It received its IRS tax-exemption ruling in June 2014, 12 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, Elite Aquatics Sports Team Inc reported income of $404k and spending of $483k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $404k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elite Aquatics Sports Team 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 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Chelsea Hockey Association ($404k), Grand Slam Foundation Inc ($404k) and North Andover Boosters Club Inc ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $152k (32% of expenses). Other salaries and wages came to $148k. At year end it held assets of $178k against liabilities of $60k, net assets of $119k. It reported 37 employees.