Metroplex Aquatics

Analysis

Metroplex Aquatics is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in October 1996, 30 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, Metroplex Aquatics reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Metroplex Aquatics sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include St Francis Desales High Schoolfoundation Inc ($1.3m), Oswego Southside Soccer Academy ($1.3m) and Devon Horse Show and County Fair Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (11% of expenses). Other salaries and wages came to $440k. At year end it held assets of $150k against liabilities of $24k, net assets of $126k. It reported 71 employees.