Tupelo Aquatic Club Inc

Analysis

Tupelo Aquatic Club Inc is a registered charity in United States, based in Saltillo, MS. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 December 2023, Tupelo Aquatic Club Inc reported income of $237k and spending of $252k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $237k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tupelo Aquatic Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within MS. Charities of a similar size with the same main cause include American Chemical Society ($237k), Habitat for Humanity International Inc ($237k) and Heuvelton Development Corporation ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Other salaries and wages came to $94k. At year end it held assets of $165k against liabilities of $30k, net assets of $135k.