Aquasol International Inc

Analysis

Aquasol International Inc is a registered charity in United States, based in Dade City, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Aquasol International Inc reported income of $447k and spending of $422k, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $54k to $447k (+720%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 297%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Aquasol International Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Lammermeier Foundation Inc ($446k), Escala Initiative Inc ($447k) and India Connection Ministries Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 81% of the total. Other salaries and wages came to $117k. At year end it held assets of $116k against liabilities of $377k, net assets of -$261k. It reported 7 employees.