San Francisco Aquatics Foundation

Analysis

San Francisco Aquatics Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2018, 8 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, San Francisco Aquatics Foundation reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $1.2m (+131%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Francisco Aquatics Foundation 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 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Blazesports America Inc ($1.2m), Washington County Public Golf Corporation ($1.2m) and Greater Columbus Sports & Events Council Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $25k (1.9% of expenses). At year end it held assets of $92k against liabilities of $152k, net assets of -$60k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.