Walnut Creek Aquabears Swim Team

Analysis

Walnut Creek Aquabears Swim Team is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in December 1969, 57 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 June 2024, Walnut Creek Aquabears Swim Team reported income of $624k and spending of $645k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $616k to $624k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walnut Creek Aquabears Swim Team sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile. Charities of a similar size with the same main cause include Woodlyn Fire Company ($624k), Road Runners Club of America ($624k) and Alkebu-Lan Village ($624k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $206k (32% of expenses). Other salaries and wages came to $105k. At year end it held assets of $59k against liabilities of $0, net assets of $59k. It reported 14 employees.