Flashes Aquatics Inc

Analysis

Flashes Aquatics Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2014, 12 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 2023, Flashes Aquatics Inc reported income of $245k and spending of $292k, spending 119% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $211k to $245k (+16%), an average of +5.1% a year. The sharpest change came in the year to July 2022, when income rose by 15%. 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, Flashes Aquatics Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Rockwall Youth Community Athletics ($245k), Tri-City Bombers Baseball Club Inc ($245k) and Sharks Baseball Club Inc ($245k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $180k. At year end it held assets of $200k against liabilities of $0, net assets of $200k. It reported 52 employees.