Neptune Aquatics Inc

Analysis

Neptune Aquatics Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neptune Aquatics Inc reported income of $142k and spending of $150k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $92k to $142k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Neptune Aquatics Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Little League Baseball Inc ($142k), Chapel Hill Youth Baseball-Softball League ($142k) and Elberta Youth Sports Association ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $190 (0.1% of expenses). Other salaries and wages came to $48k. At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 11 employees.