South Jersey Aquatic Club

Analysis

South Jersey Aquatic Club is a registered charity in United States, based in Voorhees, NJ. It received its IRS tax-exemption ruling in March 2017, 9 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 August 2023, South Jersey Aquatic Club reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2022, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Jersey Aquatic Club sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include USA Swimming Inc ($1.4m), Spring Klein Sports Association Incorporated ($1.4m) and Texas Brahmas Youth Hockey Association ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $88k (5.5% of expenses). Other salaries and wages came to $390k. At year end it held assets of $49k against liabilities of $388k, net assets of -$339k. It reported 49 employees.