Auburn Aquatics Swim Program

Analysis

Auburn Aquatics Swim Program is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in June 1983, 43 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, Auburn Aquatics Swim Program reported income of $527k and spending of $554k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $549k to $527k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to August 2022, when income rose by 101%. 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, Auburn Aquatics Swim Program sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Hurricane Club ($527k), Cattlemens Congress Inc ($527k) and Salinas Valley Fair Heritage Foundation Inc ($527k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $221k (40% of expenses). Other salaries and wages came to $109k. At year end it held assets of $27k against liabilities of $9,212, net assets of $18k. It reported 23 employees.