Rock Aqua Jays Water Ski Club Inc

Analysis

Rock Aqua Jays Water Ski Club Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Rock Aqua Jays Water Ski Club Inc reported income of $155k and spending of $165k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $155k (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rock Aqua Jays Water Ski Club Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Bounce Back Global Incorporated ($155k), Wounded Warriors United ($155k) and Witkop Foundation Incorporated ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 1.5% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.