Back Bay Aquatics Foundation

Analysis

Back Bay Aquatics Foundation is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Back Bay Aquatics Foundation reported income of $403k and spending of $400k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $210k to $403k (+92%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Back Bay Aquatics Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Tri City Youth Football Association ($403k), Mat-Su Baseball Inc ($403k) and Cross Bar X Youth Ranch Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $103k (26% of expenses). Other salaries and wages came to $72k. At year end it held assets of $20k against liabilities of $9,963, net assets of $10k. It reported 19 employees.