Crimson Tide Aquatics

Analysis

Crimson Tide Aquatics is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in December 1988, 38 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 July 2023, Crimson Tide Aquatics reported income of $160k and spending of $152k, spending 95% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $96k to $160k (+66%), an average of +18% a year. The sharpest change came in the year to July 2022, when income rose by 124%. Over the whole period it spent 119% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Crimson Tide Aquatics sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AL. Charities of a similar size with the same main cause include Demons Youth Hockey Association Inc ($160k), Hike It Baby ($160k) and North Park Little League Baseballinc ($160k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $56k (37% of expenses). Other salaries and wages came to $22k. At year end it held assets of $100k against liabilities of $0, net assets of $100k. It reported 8 employees.