Lakeside Aquatic Club

Analysis

Lakeside Aquatic Club is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in March 1983, 43 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 August 2024, Lakeside Aquatic Club reported income of $3.8m and spending of $3.7m, spending 97% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $2.0m to $3.8m (+88%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 76%. 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, Lakeside Aquatic Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include The Scga Foundation ($3.8m), Reno-Tahoe Open Foundation ($3.8m) and Mlb-Mlbpa Youth Development Foundation ($3.8m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 0.6% and program service revenue 92% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $978k against liabilities of $100k, net assets of $878k. It reported 125 employees.