Watertown Aquatic Team - Wat

Analysis

Watertown Aquatic Team - Wat is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in October 1980, 46 years ago. 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, Watertown Aquatic Team - Wat reported income of $95k and spending of $94k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $95k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Watertown Aquatic Team - Wat sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within WI. Charities of a similar size with the same main cause include California State College Sonoma Alumni Association Inc ($95k), Residents Development Corporation ($95k) and Hispanic Womens Network of Texas ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 93% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.