Aquanauts Adaptive Aquatics Inc

Analysis

Aquanauts Adaptive Aquatics Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Aquanauts Adaptive Aquatics Inc reported income of $129k and spending of $288k, spending 224% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $110k to $129k (+17%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 160% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aquanauts Adaptive Aquatics Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Hospital Engineering Society of Greater New York ($129k), Chattanooga-Hamilton County Rescue Service ($129k) and United Spinal Association Illinois Chapter ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $856 against liabilities of $60k, net assets of -$60k.