St Petersburg Aquatics Inc

Analysis

St Petersburg Aquatics Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 1980, 46 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 September 2023, St Petersburg Aquatics Inc reported income of $786k and spending of $696k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $556k to $786k (+41%), an average of +9.1% a year. The sharpest change came in the year to September 2021, when income rose by 70%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Petersburg Aquatics Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Ouachita Grand Plaza Inc ($786k), Boy Scouts of America ($786k) and The Red & Black Publishing Company Inc ($786k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $207k (30% of expenses). Other salaries and wages came to $169k. At year end it held assets of $410k against liabilities of $0, net assets of $410k.