USA Water Polo Inc

Analysis

USA Water Polo Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 1996, 30 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, USA Water Polo Inc reported income of $17.8m and spending of $18.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.9m to $17.8m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Water Polo Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Colorado Fusion Soccer Club ($17.7m), USA Football ($17.8m) and American Junior Golf Association ($17.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $1.5m (8.0% of expenses). Other salaries and wages came to $3.2m. It paid $20k in professional fundraising fees. At year end it held assets of $9.6m against liabilities of $4.0m, net assets of $5.5m. It reported 282 employees.