Victory Aquatics Inc

Analysis

Victory Aquatics Inc is a registered charity in United States, based in Loma Linda, CA. It received its IRS tax-exemption ruling in January 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 (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, Victory Aquatics Inc reported income of $179k and spending of $176k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $227k to $179k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Victory Aquatics Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Uga Tee Off Club Inc ($179k), Pop Warner Little Scholar Inc ($179k) and Dedham Youth Soccer Association Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 88% of the total. At year end it held assets of $7,468 against liabilities of $65k, net assets of -$57k.