Power for Life Aquatics

Analysis

Power for Life Aquatics is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in November 2012, 14 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, Power for Life Aquatics reported income of $204k and spending of $220k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $204k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Power for Life 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 58th percentile within TX. Charities of a similar size with the same main cause include Mbyc Youth Sailing ($204k), Phoenix Parks Foundation ($204k) and Walton County Fair Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.