M3 Aquatics NFP

Analysis

M3 Aquatics NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 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 August 2023, M3 Aquatics NFP reported income of $361k and spending of $348k, spending 96% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $292k to $361k (+24%), an average of +24% a year. The sharpest change came in the year to August 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, M3 Aquatics NFP sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include United States Ski Association Central Division ($361k), Stockton Colts Junior Hockey Club ($361k) and Lake Odessa Civic & Agricultural Improvement Association ($361k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $120k (34% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 15 employees.