Aquanut Water Shows Inc

Analysis

Aquanut Water Shows Inc is a registered charity in United States, based in Twin Lakes, WI. It received its IRS tax-exemption ruling in April 1997, 29 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 (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, Aquanut Water Shows Inc reported income of $156k and spending of $123k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $276k to $156k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 58% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aquanut Water Shows Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Newton Metrowest Basketball Inc ($156k), Florida Citrus Sports Foundation Inc ($156k) and Kalamazoo Curling Club ($156k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 44% of the total. At year end it held assets of $490k against liabilities of $33k, net assets of $457k.