Utah Valley Aquatics Inc

Analysis

Utah Valley Aquatics Inc is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in February 2005, 21 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, Utah Valley Aquatics Inc reported income of $500k and spending of $516k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $500k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Utah Valley Aquatics Inc 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 70th percentile, and in the 69th percentile within UT. Charities of a similar size with the same main cause include Salt Lake City - Utah Committee for the Games Inc ($500k), Center for Children and Families ($500k) and East County Hot Shots ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $37k (7.3% of expenses). Other salaries and wages came to $151k. At year end it held assets of $364k against liabilities of $0, net assets of $364k. It reported 27 employees.