San Jose Express Aquatics

Analysis

San Jose Express Aquatics is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, San Jose Express Aquatics reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $1.2m (+211%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Jose Express Aquatics sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include East Bay Eclipse Soccer Club ($1.2m), Ima Recreation Association ($1.2m) and Utah Sports Commission Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $221k (18% of expenses). Other salaries and wages came to $379k. At year end it held assets of $218k against liabilities of $0, net assets of $218k.