Vallejo Aquatic Club Inc

Analysis

Vallejo Aquatic Club Inc is a registered charity in United States, based in Vallejo, CA. It received its IRS tax-exemption ruling in September 1984, 42 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, Vallejo Aquatic Club Inc reported income of $232k and spending of $244k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $209k to $232k (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2020, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vallejo Aquatic Club Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Hispanic Coalition Corp ($232k), American Association for Therapeutic Humor ($232k) and 92 for 22 ($232k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $84k. At year end it held assets of $63k against liabilities of $0, net assets of $63k. It reported 9 employees.

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.