The Greater Pensacola Aquatic Club Inc

Analysis

The Greater Pensacola Aquatic Club Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 1981, 45 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, The Greater Pensacola Aquatic Club Inc reported income of $584k and spending of $568k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $659k to $584k (-11%), an average of -3.0% a year. The sharpest change came in the year to August 2020, when income dropped by 45%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Greater Pensacola Aquatic Club Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Madison Little League Inc ($583k), Emil K Wilbekin Foundation Inc ($584k) and The Skating Club of New York Inc ($583k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Other salaries and wages came to $303k. At year end it held assets of $412k against liabilities of $345, net assets of $412k.