Ames Cyclone Aquatics Club

Analysis

Ames Cyclone Aquatics Club is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in April 1991, 35 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, Ames Cyclone Aquatics Club reported income of $548k and spending of $528k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $548k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 72%. 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, Ames Cyclone Aquatics Club sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include The Big Hoopla Inc ($548k), Northern Kentucky Junior Volleyball Inc ($548k) and Colonial Soccer Club Inc ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $272k. At year end it held assets of $136k against liabilities of $6,131, net assets of $130k. It reported 15 employees.