Pegasus Water Polo Academy

Analysis

Pegasus Water Polo Academy is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 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 August 2024, Pegasus Water Polo Academy reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 6 years on record, from December 2019 to August 2024, income grew from $218k to $1.1m (+404%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 223%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pegasus Water Polo Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Diablo Valley Volleyball Club ($1.1m), Harmony Fire District ($1.1m) and Amateur Athletic Union of the United States Inc ($1.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $19k (1.7% of expenses). At year end it held assets of $90k against liabilities of $67k, net assets of $23k. It reported 3 employees.