Portland Aquatic Club

Analysis

Portland Aquatic Club is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1994, 32 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, Portland Aquatic Club reported income of $378k and spending of $370k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $420k to $378k (-10%), an average of -2.6% a year. The sharpest change came in the year to August 2020, when income dropped by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Portland Aquatic Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include Mosdes Hatorah Vhachinuch of Blooming Grove Inc ($378k), Seeds of Hope Charitable Trust ($378k) and Orting Senior Center Organization ($378k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $107k (29% of expenses). Other salaries and wages came to $99k. At year end it held assets of $164k against liabilities of $21k, net assets of $144k. It reported 11 employees.