East Grand Rapids Aquatics

Analysis

East Grand Rapids Aquatics is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 2020, 6 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, East Grand Rapids Aquatics reported income of $471k and spending of $475k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $357k to $471k (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2021, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, East Grand Rapids Aquatics sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Cambridge Foundation ($471k), Warwick Junior Hockey Association ($471k) and Central Texas Youth Rodeo Assn ($471k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Other salaries and wages came to $237k. At year end it held assets of $320k against liabilities of $7,478, net assets of $313k. It reported 21 employees.