Blue Wave Aquatics

Analysis

Blue Wave Aquatics is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in February 2004, 22 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, Blue Wave Aquatics reported income of $60k and spending of $61k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $60k (+8.8%), an average of +8.8% a year. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blue Wave Aquatics sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include Sports Association of Gaithersburg Inc ($60k), West Michigan Mountain Biking Alliance ($60k) and Eaton Baseball Association ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 1.0% of the total. At year end it held assets of $42k against liabilities of $1,720, net assets of $40k.