Emerald Aquatics Inc

Analysis

Emerald Aquatics Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in September 1998, 28 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, Emerald Aquatics Inc reported income of $93k and spending of $102k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $103k to $93k (-9.5%), an average of -4.9% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Emerald Aquatics Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OR. Charities of a similar size with the same main cause include Kingsburg Youth Soccer League ($93k), Avonworth Soccer Association ($93k) and Wegerzyn Gardens Foundation ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. At year end it held assets of $67k against liabilities of $3,041, net assets of $64k.