California Aquatic Therapy & Wellness Center Inc

Analysis

California Aquatic Therapy & Wellness Center Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, California Aquatic Therapy & Wellness Center Inc reported income of $980k and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $887k to $980k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, California Aquatic Therapy & Wellness Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Team Theatrics Inc ($979k), Eagle Swim Team Inc ($980k) and California Odyssey Soccer Club ($978k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $155k (13% of expenses). Other salaries and wages came to $349k. At year end it held assets of $2.5m against liabilities of $535k, net assets of $2.0m. It reported 24 employees.