Newport Aquatic Center

Analysis

Newport Aquatic Center is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 1983, 43 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, Newport Aquatic Center reported income of $2.1m and spending of $2.5m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.1m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newport Aquatic Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Vermont Adaptive Ski & Sports ($2.1m), Morgans Wonderland Management Company ($2.1m) and Oakland Parks and Recreation Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $108k (4.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $417k, net assets of $1.1m. It reported 80 employees.