Burlingame Aquatic Club Inc

Analysis

Burlingame Aquatic Club Inc is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Burlingame Aquatic Club Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $821k to $1.4m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Burlingame Aquatic Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Make an Impact Foundation Inc ($1.4m), Safe Nest Foundation Inc ($1.4m) and Springboard Social Enterprises ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $873k. At year end it held assets of $769k against liabilities of $215k, net assets of $554k. It reported 99 employees.