Cat 5 Aquatics Inc

Analysis

Cat 5 Aquatics Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in March 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cat 5 Aquatics Inc reported income of $388k and spending of $361k, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $447k to $388k (-13%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cat 5 Aquatics Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include United Club Gymnastics ($388k), Elmhurst Swim Team ($388k) and Veterans Memorial Golf Club Foundation Inc ($387k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.