Corvallis Aquatic Team

Analysis

Corvallis Aquatic Team is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in March 1985, 41 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, Corvallis Aquatic Team reported income of $550k and spending of $518k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $455k to $550k (+21%), an average of +4.9% a year. The sharpest change came in the year to August 2021, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Corvallis Aquatic Team sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Hancock County Agricultural Society ($550k), Rahll Activity Center ($551k) and Washington County Fair Association ($550k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $189k (37% of expenses). Other salaries and wages came to $28k. At year end it held assets of $307k against liabilities of $99k, net assets of $208k. It reported 9 employees.