Rice Lake Aquatics and Recreational Center Inc

Analysis

Rice Lake Aquatics and Recreational Center Inc is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in June 2021, 5 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 2023, Rice Lake Aquatics and Recreational Center Inc reported income of $160k and spending of $14k, leaving 91% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $600k to $160k (-73%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 2.2% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rice Lake Aquatics and Recreational Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Bulverde Youth Soccer Association ($160k), Colorado Wheelchair Fencing Foundation ($160k) and Futbol Club Mesquite ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.9m against liabilities of $2.7m, net assets of $1.2m.