Billings Aquatic Club Inc

Analysis

Billings Aquatic Club Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in September 1987, 39 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 August 2024, Billings Aquatic Club Inc reported income of $360k and spending of $323k, spending 90% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $293k to $360k (+23%), an average of +4.2% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Billings Aquatic Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MT. Charities of a similar size with the same main cause include Northwest Educational Foundation Inc ($360k), Suzuki Institute of Seattle ($360k) and Cheshire Land Trust Inc ($360k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 41% and program service revenue 37% of the total. Other salaries and wages came to $122k. At year end it held assets of $83k against liabilities of $1,823, net assets of $81k. It reported 6 employees.