Newport Beach Water Polo Inc

Analysis

Newport Beach Water Polo Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in September 2011, 15 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, Newport Beach Water Polo Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $881k to $1.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newport Beach Water Polo Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Project Backboard ($1.1m), Tyler Achievement Center for Kids ($1.1m) and Friends Of@pittsburgh Professional Soccer ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $593k. At year end it held assets of $181k against liabilities of $33k, net assets of $148k. It reported 43 employees.