East Carolina Aquatics Inc

Analysis

East Carolina Aquatics Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in October 1994, 32 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 July 2024, East Carolina Aquatics Inc reported income of $605k and spending of $592k, spending 98% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $500k to $605k (+21%), an average of +4.9% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, East Carolina Aquatics Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Philadelphia Dragons Sports Association ($605k), Houston Dressage Society Inc ($605k) and Anne Arundel County Fair Inc ($605k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $293k. At year end it held assets of $242k against liabilities of $8,189, net assets of $234k. It reported 45 employees.