Spokane Waves Aquatic Association

Analysis

Spokane Waves Aquatic Association is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 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 December 2023, Spokane Waves Aquatic Association reported income of $447k and spending of $438k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $447k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spokane Waves Aquatic Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Metroplex Christian Hockeyassociation ($447k), Northwest Water Polo Club ($448k) and Fishhawk Youth Baseball ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $164k. At year end it held assets of $216k against liabilities of $6,386, net assets of $209k. It reported 16 employees.