Plainfield Aquatics

Analysis

Plainfield Aquatics is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in January 2017, 9 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 March 2024, Plainfield Aquatics reported income of $186k and spending of $226k, spending 122% of what it took in. Across the 3 years on record, from March 2022 to March 2024, income grew from $132k to $186k (+40%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Plainfield Aquatics sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Barron County Pro Rodeo Inc ($186k), Live Oak Sports Camp Foundation ($186k) and Little League Baseball Inc ($185k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 7.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $14k (6.2% of expenses). At year end it held assets of $28k against liabilities of $1,187, net assets of $27k. It reported 42 employees.