Futures Water Polo League Inc

Analysis

Futures Water Polo League Inc is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in January 2023, 3 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, Futures Water Polo League Inc reported income of $1.0m and spending of $994k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $1.0m (+514%), an average of +514% a year. The sharpest change came in the year to December 2023, when income rose by 514%. 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, Futures Water Polo League Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Salle Auriol Seattle Inc ($1.0m), Colorado County Fair Assoc Inc ($1.0m) and Universal Sports and Academics Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (7.5% of expenses). Other salaries and wages came to $97k. At year end it held assets of $148k against liabilities of $0, net assets of $148k. It reported 4 employees.