Canyons Aquatic Club Inc

Analysis

Canyons Aquatic Club Inc is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 2023, Canyons Aquatic Club Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $1.0m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to August 2023, when income rose by 51%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Canyons Aquatic Club 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Fresh Start Ministries of Central Florida Inc ($1.0m), Coolbaugh Township Volunteer Fire Company ($1.0m) and Sacopee Rescue Unit Inc ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $642k. At year end it held assets of $24k against liabilities of $334k, net assets of -$310k. It reported 32 employees.