Valley Splash Aquatics Inc

Analysis

Valley Splash Aquatics Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2023, Valley Splash Aquatics Inc reported income of $369k and spending of $401k, spending 109% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $16k to $369k (+2208%), an average of +185% a year. The sharpest change came in the year to August 2021, when income rose by 1243%. Over the whole period it spent 101% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Valley Splash Aquatics Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Beulaville Volunteer Fire & Rescue Inc ($369k), Conneaut Lake Volunteer Fire Department of Conneaut Lake Boro ($369k) and Belpre Volunteer Fire Department Inc ($368k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $129k (32% of expenses). Other salaries and wages came to $138k. At year end it held assets of $58k against liabilities of $44k, net assets of $14k. It reported 5 employees.