Laguna Beach Aquatics Foundation Inc

Analysis

Laguna Beach Aquatics Foundation Inc is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in February 2020, 6 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, Laguna Beach Aquatics Foundation Inc reported income of $296k and spending of $291k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $296k (+143%), an average of +143% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laguna Beach Aquatics Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Oregon Dressage Society Inc ($296k), Newtown Youth Basketball Association ($296k) and Belfast-Beltway Boxing Project ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.