Olympus Aquatics

Analysis

Olympus Aquatics is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 2015, 11 years ago. 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, Olympus Aquatics reported income of $573k and spending of $551k, spending 96% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $515k to $573k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olympus Aquatics sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include St Josephs Helpers of Dallas Texas ($573k), Family Crisis Services Inc ($573k) and The Goldsmith Foundation Inc ($573k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $215k. At year end it held assets of $93k against liabilities of $12k, net assets of $81k. It reported 15 employees.