De Anza Cupertino Aquatics

Analysis

De Anza Cupertino Aquatics is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1982, 44 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, De Anza Cupertino Aquatics reported income of $3.8m and spending of $3.9m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.6m to $3.8m (-18%), an average of -5.0% a year. The sharpest change came in the year to August 2022, when income rose by 71%. 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, De Anza Cupertino Aquatics sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Federal City Council ($3.8m), Peace Preparatory Academy ($3.8m) and Southfield Preparatory Academy ($3.8m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $458k (12% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.2m against liabilities of $1.7m, net assets of $3.6m. It reported 125 employees.