Friends of the Washington Canoe Club

Analysis

Friends of the Washington Canoe Club is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2003, 23 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, Friends of the Washington Canoe Club reported income of $512k and spending of $272k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $512k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 38% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Washington Canoe Club sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 44th percentile within DC. Charities of a similar size with the same main cause include Patriot Training Foundation ($512k), Atlantis Sports ($512k) and Klein Swim Academy Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 79% of the total. At year end it held assets of $2.3m against liabilities of $177, net assets of $2.3m.