Lakers Aquatic Club Inc

Analysis

Lakers Aquatic Club Inc is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in December 2006, 20 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, Lakers Aquatic Club Inc reported income of $109k and spending of $109k, spending 99% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $87k to $109k (+26%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakers Aquatic Club Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Warburton Chapel Trustees ($109k), Aikane Ohana ($110k) and California Enduro ($109k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.