Boca Raton Aquatics Inc

Analysis

Boca Raton Aquatics Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Boca Raton Aquatics Inc reported income of $301k and spending of $298k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $301k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boca Raton Aquatics Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Sickle Cell Foundation Incorporated ($301k), PCL Foundation ($301k) and Santa Ynez Valley Foundation ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $117k (39% of expenses). Other salaries and wages came to $44k. At year end it held assets of $64k against liabilities of $37k, net assets of $27k. It reported 7 employees.