Seattle Metropolitan Aquatic Club Smac

Analysis

Seattle Metropolitan Aquatic Club Smac is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2000, 26 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, Seattle Metropolitan Aquatic Club Smac reported income of $2.3m and spending of $2.2m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seattle Metropolitan Aquatic Club Smac sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Phoenix Final Four Local Organizing Committee ($2.3m), Community Indoor Tennis Center Inc ($2.3m) and Angel Flight East ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $143k (6.5% of expenses). Other salaries and wages came to $601k. At year end it held assets of $983k against liabilities of $78k, net assets of $905k. It reported 32 employees.