Upper Valley Rowing Foundation

Analysis

Upper Valley Rowing Foundation is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in October 1999, 27 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, Upper Valley Rowing Foundation reported income of $271k and spending of $213k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $271k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Upper Valley Rowing Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within NH. Charities of a similar size with the same main cause include Global Sports Federation Inc ($271k), Kansas City Regional Quilt Festival Inc ($271k) and Hendry County Fair and Livestock Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Other salaries and wages came to $51k. At year end it held assets of $673k against liabilities of $159, net assets of $673k. It reported 22 employees.