Clemson Aquatic Team

Analysis

Clemson Aquatic Team is a registered charity in United States, based in Clemson, SC. It received its IRS tax-exemption ruling in December 1996, 30 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, Clemson Aquatic Team reported income of $148k and spending of $123k, spending 83% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $169k to $148k (-12%), an average of -4.2% a year. The sharpest change came in the year to July 2022, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Clemson Aquatic Team sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within SC. Charities of a similar size with the same main cause include Arkansas State Trapshooting Federation ($148k), Glen Rock Shooting Stars Soccer Club Inc ($148k) and Coastal Crush Volleyball Club Inc ($148k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $54k. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 10 employees.