Coastal Bend Friends of Aquatics

Analysis

Coastal Bend Friends of Aquatics is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Coastal Bend Friends of Aquatics reported income of $50k and spending of $37k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $50k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Coastal Bend Friends of Aquatics sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Camp to Belong ($50k), Southern Connecticut Storm Specialhockey Inc ($50k) and Smash House Fastpitch Softball ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 28% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.