Platinum Aquatics

Analysis

Platinum Aquatics is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in March 2013, 13 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 (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, Platinum Aquatics reported income of $113k and spending of $109k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $113k (+5.0%), an average of +5.0% a year. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Platinum Aquatics sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Cleburne Baseball Association Inc ($113k), Allegheny River Trail in Clarion County Inc ($113k) and Oahe FC ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 19% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.