Niagara Aquatics Club Inc

Analysis

Niagara Aquatics Club Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Niagara Aquatics Club Inc reported income of $56k and spending of $56k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $121k to $56k (-54%), an average of -54% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Niagara Aquatics Club Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include New York Bicycling Coalition Inc ($56k), Aloha State Volleyball Club ($56k) and Newfane Youth Football and Cheerleading ($56k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $513 against liabilities of $1,063, net assets of -$550. It reported 14 employees.