Santa Clara Aquamaids Synchronized Swimming Club

Analysis

Santa Clara Aquamaids Synchronized Swimming Club is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in June 1965, 61 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 September 2023, Santa Clara Aquamaids Synchronized Swimming Club reported income of $5.0m and spending of $4.1m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $5.0m (+40%), an average of +8.7% a year. The sharpest change came in the year to September 2021, when income rose by 106%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Santa Clara Aquamaids Synchronized Swimming Club 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Habcore Inc ($5.0m), Oneamerica ($5.0m) and LA Clinica Delpueblo de Rio Ariba ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $301k (7.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.4m against liabilities of $335k, net assets of $8.1m. It reported 79 employees.