Monocacy Aquatic Club Inc

Analysis

Monocacy Aquatic Club Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in March 1978, 48 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 May 2023, Monocacy Aquatic Club Inc reported income of $558k and spending of $555k, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $615k to $558k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to May 2023, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monocacy Aquatic Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Team Ohio Hockey Foundation Inc ($558k), Woodstock Recreation Center Inc ($558k) and Atlanta Community Toolbank Inc ($558k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $268k. At year end it held assets of $573k against liabilities of $11k, net assets of $562k. It reported 25 employees.