Lobo Aquatic Club Inc

Analysis

Lobo Aquatic Club Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 1984, 42 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 August 2024, Lobo Aquatic Club Inc reported income of $135k and spending of $131k, spending 97% of its income. Across the 3 years on record, from August 2020 to August 2024, income fell from $186k to $135k (-27%), an average of -15% a year. The sharpest change came in the year to August 2023, when income dropped by 48%. 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, Lobo Aquatic Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 40th percentile within NM. Charities of a similar size with the same main cause include New Canaan Squash Inc ($135k), Sayre Woods South Rebels Football a ND Cheerleading Association Inc ($135k) and Branded Fitness ($135k).

On its Form 990-EZ for the period ending August 2024, revenue came from program service revenue 5.3% of the total. At year end it held assets of $104k against liabilities of $111, net assets of $104k.