Mecklenburg Aquatic Club Inc

Analysis

Mecklenburg Aquatic Club Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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 August 2023, Mecklenburg Aquatic Club Inc reported income of $5.7m and spending of $5.8m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.1m to $5.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mecklenburg Aquatic Club Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Holiday Hill Inc ($5.7m), Lutheran Social Mission Society of Philadelphia ($5.7m) and Seaview Community Services ($5.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. At year end it held assets of $2.1m against liabilities of $1.3m, net assets of $797k. It reported 182 employees.