Quinsigamond Rowing Association Inc

Analysis

Quinsigamond Rowing Association Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Quinsigamond Rowing Association Inc reported income of $373k and spending of $296k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $238k to $373k (+57%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 1518%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Quinsigamond Rowing Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Mount Laurel Baseball Association Inc ($373k), Faithful Workouts ($373k) and United States Ski Association Rocky Mountain Division ($373k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1,180 (0.4% of expenses). At year end it held assets of $109k against liabilities of $601, net assets of $108k.