Pride Water Polo Academy

Analysis

Pride Water Polo Academy is a registered charity in United States, based in Moorpark, CA. It received its IRS tax-exemption ruling in April 2016, 10 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, Pride Water Polo Academy reported income of $507k and spending of $560k, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $426k to $507k (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2021, when income rose by 66%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pride Water Polo Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Waco Juniors Volleyball Club Inc ($507k), Sienna Plantation Aquatics Inc ($507k) and Montgomery Travelers Soccer Club Inc ($506k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $49k (8.7% of expenses). Other salaries and wages came to $111k. At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 14 employees.