Nashville Aquatic Club

Analysis

Nashville Aquatic Club is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 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 (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, Nashville Aquatic Club reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+12%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nashville Aquatic Club sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Northeast Florida Equestrian Society H O R S E Therapies Inc ($1.5m), Merrick County Child Care Inc ($1.5m) and Socal-Elite Sports Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $273k (19% of expenses). Other salaries and wages came to $618k. At year end it held assets of $826k against liabilities of $236k, net assets of $590k. It reported 54 employees.