Cerritos Aquatic Club

Analysis

Cerritos Aquatic Club is a registered charity in United States, based in Cerritos, CA. It received its IRS tax-exemption ruling in November 1984, 42 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 September 2023, Cerritos Aquatic Club reported income of $180k and spending of $180k, spending 100% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $162k to $180k (+11%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cerritos Aquatic Club sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Oakland Rhythmics ($180k), Barclay Farm Aquatics Team ($180k) and Dickinson Baseball Club Inc ($180k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.