Clearwater Aquatic Team Inc

Analysis

Clearwater Aquatic Team Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Clearwater Aquatic Team Inc reported income of $356k and spending of $346k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $342k to $356k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to August 2021, when income rose by 37%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Clearwater Aquatic Team 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 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Mid-Ohio Youth Mentoring Inc ($356k), Compass Dance Academy ($356k) and Mitrata-Nepal Foundation for Children ($356k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $158k. At year end it held assets of $160k against liabilities of $1,668, net assets of $159k. It reported 8 employees.