Williamsburg Aquatic Club

Analysis

Williamsburg Aquatic Club is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in September 1991, 35 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, Williamsburg Aquatic Club reported income of $410k and spending of $424k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $327k to $410k (+25%), an average of +5.8% a year. The sharpest change came in the year to August 2021, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Williamsburg Aquatic Club sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Logan County Agricultural Society ($410k), Swimsafe ($410k) and Sebastian Riding Associates Inc ($410k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $66k (16% of expenses). Other salaries and wages came to $105k. At year end it held assets of $109k against liabilities of $21k, net assets of $89k. It reported 16 employees.