Gwinnett Aquatics Inc

Analysis

Gwinnett Aquatics Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2005, 21 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, Gwinnett Aquatics Inc reported income of $539k and spending of $508k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $539k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gwinnett Aquatics Inc 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 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Highland Park Little League Association ($539k), Vermont Youth Soccer Association ($539k) and Frederick Youth Hockey Association ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $116k (23% of expenses). Other salaries and wages came to $138k. At year end it held assets of $514k against liabilities of $138k, net assets of $376k. It reported 32 employees.