Wahoo Aquatic Club Inc

Analysis

Wahoo Aquatic Club Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 2019, 7 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 2022, Wahoo Aquatic Club Inc reported income of $557k and spending of $602k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $397k to $557k (+40%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wahoo Aquatic Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include MN North Sports Inc ($557k), CG Adventures International Inc ($558k) and Calicinto Ranch Inc ($557k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $198k. At year end it held assets of $3,132 against liabilities of $9,128, net assets of -$5,996.