Greater Gainesville Aquatics Association Inc

Analysis

Greater Gainesville Aquatics Association Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in April 2008, 18 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 December 2023, Greater Gainesville Aquatics Association Inc reported income of $353k and spending of $295k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $353k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Gainesville Aquatics Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Girls on the Run of Union County NC ($353k), South Peninsula Athletic and Recreational Committee ($353k) and Cape Fear Youth Hockey Association ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $68k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $87k against liabilities of $0, net assets of $87k. It reported 19 employees.