Seaside Aquatics Club

Analysis

Seaside Aquatics Club is a registered charity in United States, based in Seaside, CA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. 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, Seaside Aquatics Club reported income of $325k and spending of $318k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $279k to $325k (+17%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seaside Aquatics Club sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Youngstown and Vicinity Sheet Metal Workers Jatc ($325k), Levy County Public Schools Foundation Inc ($325k) and El Paso Pro Musica ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $31k (9.8% of expenses). Other salaries and wages came to $193k. At year end it held assets of $41k against liabilities of $26k, net assets of $15k. It reported 60 employees.