Community Rowing Inc

Analysis

Community Rowing Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Community Rowing Inc reported income of $5.7m and spending of $5.8m, spending 102% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $5.9m to $5.7m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to October 2021, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Rowing Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Addiction Treatment Services Inc ($5.7m), Winston School San Antonio ($5.7m) and Indianhead Community Action Agency ($5.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 31% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $250k (4.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $15.7m against liabilities of $2.6m, net assets of $13.1m. It reported 148 employees.