Metro Aquatic Club of Miami Inc

Analysis

Metro Aquatic Club of Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Metro Aquatic Club of Miami Inc reported income of $290k and spending of $318k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $229k to $290k (+26%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Metro Aquatic Club of Miami Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Living Waters Ministries Inc ($290k), Saint Ignatius Chicago Rowing Inc ($290k) and Columbus Hockey Association Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $17k against liabilities of $130k, net assets of -$114k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.