West Florida Lightning Aquatics

Analysis

West Florida Lightning Aquatics is a registered charity in United States, based in Indian RK BCH, FL. It received its IRS tax-exemption ruling in April 1976, 50 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 September 2023, West Florida Lightning Aquatics reported income of $239k and spending of $237k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $273k to $239k (-13%), an average of -3.3% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. 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, West Florida Lightning Aquatics sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Knights Court Sports Booster Club ($239k), Great Lakes Tritons Inc ($239k) and Laurel American Legion Dodgers ($239k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 16% of the total. Other salaries and wages came to $103k. At year end it held assets of $39k against liabilities of $0, net assets of $39k. It reported 14 employees.