Cat 5 Aquatics Inc

What it says it does

“To promote and support the growth of youth swimming in the panama city/bay county area”From the organization's Form 990 for the year ending Dec 2024, as written (including spelling); all-capital text shown in normal capitalization.

Cat 5 Aquatics Inc finances

From the annual returns the group files with the IRS (Form 990, or the shorter Form 990-EZ for smaller groups), 3 filed years. Net assets are what it owns minus what it owes; management and general is office, admin and insurance cost. A dash means not reported (the short form does not ask for employees or volunteers). Each figure links to that year's return. A year is left out when no return is in the IRS e-file data; that does not mean the group was inactive.

Where the money goes, year ending Dec 2024

• Programs $354,979 (99%)
• Management and general $3,282 (1%)
• Fundraising $0 (0%)

Where the money comes from, year ending Dec 2024

• Gifts and grants $19,101 (7%)
• Program fees $259,664 (93%)
• Investment income $8 (0%)
• Other $0 (0%)

People: 0 employees and 30 volunteers reported for the year ending Dec 2024. Counts only; BackPR does not publish names of officers or staff.

Revenue trend: Shrinking. Revenue went from $387,553 (year ending Dec 2022) to $278,773 (Dec 2024), about -15% a year.

Growth label: we compare total revenue on the oldest and the newest return shown above. Growing means revenue rose by more than 10% a year on average, Shrinking means it fell by more than 10% a year, and Steady means a change between -10% and +10% a year. The rate is the compounded yearly average between the two returns, so it hides ups and downs in between (see the table). We only label groups with returns at least a year apart and at least $5,000 of revenue on the oldest one. This is our own calculation, not an IRS rating or a judgment of quality.

Source: IRS Form 990 Series Downloads (the returns open on ProPublica Nonprofit Explorer, which republishes the IRS files). Figures are as the organization filed them. Florida nonprofit.

How it compares

2 of 21 amateur sports nonprofits in Panama City when sorted from largest to smallest revenue. This shows size only, not quality. Groups with no reported revenue are listed last.

Size: revenue of $278,773 is higher than roughly 70 to 80% of the 866 amateur sports nonprofits in Florida that report revenue to the IRS (the city count above also includes groups with none). The median is $131,660.

Our analysis of the IRS Business Master File (posted October 13, 2026), using each group's latest reported revenue. Groups are sorted by revenue and split into ten equal bands, using all Florida groups of this type (Amateur sports, which covers several IRS activity codes). Size only, not a rating.

Around Panama City and its county

Licensed programs in Panama City

32 licensed child care centers, 2 school-age programs are in state licensing records and listed in the BackPR finder. The examples below are not related to this organization.

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