Team Eugene Aquatics Inc

Analysis

Team Eugene Aquatics Inc is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, Team Eugene Aquatics Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $382k to $1.0m (+169%), an average of +22% a year. The sharpest change came in the year to August 2021, when income rose by 119%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Team Eugene Aquatics Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include Boy Scouts of America ($1.0m), The Maryland Salem Childrens Trust Inc ($1.0m) and Reclaiming Lives ($1.0m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 7.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $221k (21% of expenses). Other salaries and wages came to $337k. At year end it held assets of $40k against liabilities of -$2,419, net assets of $42k. It reported 19 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.