New Albany Aquatics Club Inc

Analysis

New Albany Aquatics Club Inc is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in December 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 August 2023, New Albany Aquatics Club Inc reported income of $584k and spending of $566k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $477k to $584k (+22%), an average of +5.2% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Albany Aquatics Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include St Croix Valley Athletic Assoc ($583k), Eagle Fern Camp ($584k) and Swarthmore Recreation Association ($583k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $88k (16% of expenses). Other salaries and wages came to $209k. At year end it held assets of $206k against liabilities of $59k, net assets of $147k. It reported 24 employees.