Thresher Aquatics Inc

Analysis

Thresher Aquatics Inc is a registered charity in United States, based in Lantana, FL. It received its IRS tax-exemption ruling in November 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 2022, Thresher Aquatics Inc reported income of $228k and spending of $226k, spending 99% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $120k to $228k (+90%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Thresher Aquatics Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Friends of Moran State Park ($228k), Milwaukie Community Center Foundation ($228k) and East Cobb Fastpitch Inc ($228k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (37% of expenses). At year end it held assets of $32k against liabilities of $0, net assets of $32k. It reported 4 employees.