Atomic City Aquatic Club

Analysis

Atomic City Aquatic Club is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in May 1970, 56 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 August 2023, Atomic City Aquatic Club reported income of $177k and spending of $139k, leaving 21% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income fell from $210k to $177k (-16%), an average of -5.5% a year. The sharpest change came in the year to August 2021, when income dropped by 18%. 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, Atomic City Aquatic Club sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Skippers Power Play Club ($177k), The White Bear Lake Volleyball Association ($177k) and American School of Cricket Excellence ($177k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $46k (33% of expenses). Other salaries and wages came to $35k. At year end it held assets of $52k against liabilities of $1,694, net assets of $50k. It reported 5 employees.