Rocket Aquatics Inc

Analysis

Rocket Aquatics Inc is a registered charity in United States, based in Menomonee FLS, WI. It received its IRS tax-exemption ruling in June 1995, 31 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, Rocket Aquatics Inc reported income of $474k and spending of $474k, spending 100% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $386k to $474k (+23%), an average of +7.1% a year. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rocket Aquatics Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Florence Soccer Association ($474k), Indiana Park & Recreation Association ($474k) and Treasure Coast Officials Association of Florida Inc ($474k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $115k (24% of expenses). Other salaries and wages came to $154k. At year end it held assets of $149k against liabilities of $47k, net assets of $102k. It reported 13 employees.