Suncoast Waterworks Inc

Analysis

Suncoast Waterworks Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in January 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Suncoast Waterworks Inc reported income of $78k and spending of $76k, spending 97% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $59k to $78k (+33%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Suncoast Waterworks Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Mastic Sports Club ($78k), Scarborough Football Club Inc ($78k) and Lucas Valley Swim Club ($78k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 6.3% and program service revenue 36% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.