Kentucky Aquatics

Analysis

Kentucky Aquatics is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, Kentucky Aquatics reported income of $431k and spending of $435k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $455k to $431k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Aquatics sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Henlopen Soccer Club Inc ($431k), Winnebago County Fair Association ($431k) and Skating Association for the Blind and Handicapped Inc ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Other salaries and wages came to $179k. At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.