Piranha Aquatics

Analysis

Piranha Aquatics is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in November 2018, 8 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 July 2024, Piranha Aquatics reported income of $204k and spending of $203k, spending 99% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $162k to $204k (+26%), an average of +12% a year. The sharpest change came in the year to July 2023, when income rose by 24%. 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, Piranha Aquatics sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Tooele Bit N Spur Riding Club ($204k), Lakers Hockey Club Association Inc ($205k) and Owasso Soccer Club ($204k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $76k against liabilities of $29k, net assets of $47k.