Olympic Cascade Aquatics Foundation

Analysis

Olympic Cascade Aquatics Foundation is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in October 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Olympic Cascade Aquatics Foundation reported income of $135k and spending of $143k, spending 106% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $154k to $135k (-12%), an average of -12% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olympic Cascade Aquatics Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Hanover Soccer Club Inc ($135k), Cayuga Youth Athletic Association Inc ($135k) and New Jersey Cheerleading Coaches Association Inc ($135k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 7.6% and program service revenue 72% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.