Lone Star Aquatics Inc

Analysis

Lone Star Aquatics Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in December 1992, 34 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, Lone Star Aquatics Inc reported income of $288k and spending of $280k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $250k to $288k (+15%), an average of +4.8% a year. 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, Lone Star Aquatics Inc sits at the 76th 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 65th percentile within TX. Charities of a similar size with the same main cause include Lockport Boys Baseball Inc ($288k), Keystone Nationals Select Baseball Incorporated ($288k) and Motorcycle Riders Association ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Other salaries and wages came to $126k. At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 3 employees.