Central Iowa Aquatic Inc

Analysis

Central Iowa Aquatic Inc is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in December 2015, 11 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 March 2023, Central Iowa Aquatic Inc reported income of $431k and spending of $453k, spending 105% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $401k to $431k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to March 2022, when income rose by 102%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Iowa Aquatic Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Winnebago County Fair Association ($431k), Story School ($431k) and Kentucky Aquatics ($431k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $189k (42% of expenses). At year end it held assets of $137k against liabilities of $43k, net assets of $95k. It reported 11 employees.