Gaston Aquatics Inc

Analysis

Gaston Aquatics Inc is a registered charity in United States, based in Gastonia, NC. 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 (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 2023, Gaston Aquatics Inc reported income of $1.8m and spending of $47k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.1m to $1.8m (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 2.1% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gaston Aquatics Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Friends of Tryon Creek Park ($1.8m), Camp Beech Cliff ($1.8m) and Cazadero Performing Arts Camp Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m.