Old Dominion Aquatic Club Incorporated

Analysis

Old Dominion Aquatic Club Incorporated is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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, Old Dominion Aquatic Club Incorporated reported income of $627k and spending of $836k, spending 133% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $771k to $627k (-19%), an average of -5.0% a year. The sharpest change came in the year to August 2021, when income rose by 46%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Dominion Aquatic Club Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Pro Life of Navarro County ($627k), Foundation for the Church of the Palms Presbyterian USA Inc ($627k) and Ahayah Academy Inc ($627k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $322k (38% of expenses). At year end it held assets of $324k against liabilities of $22k, net assets of $302k. It reported 15 employees.