Excel Aquatics

Analysis

Excel Aquatics is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in November 1984, 42 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, Excel Aquatics reported income of $1.9m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.9m (+21%), an average of +4.9% a year. The sharpest change came in the year to August 2020, when income dropped by 27%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Excel Aquatics sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Stafford Area Soccer Association Inc ($1.9m), Fit Feat ($1.9m) and Folsom Soccer Club ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $121k (7.5% of expenses). Other salaries and wages came to $742k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 68 employees.