Premier Aquatic Club of Klein Inc

Analysis

Premier Aquatic Club of Klein Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in July 1997, 29 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 August 2023, Premier Aquatic Club of Klein Inc reported income of $676k and spending of $689k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $826k to $676k (-18%), an average of -4.9% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Premier Aquatic Club of Klein Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Vision of Children ($676k), Womens American Ort Foundation ($676k) and Rotary of Bainbridge Island Trust ($676k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. Other salaries and wages came to $310k. At year end it held assets of $497k against liabilities of $30k, net assets of $467k.