Old and Ancient Rowers Society of Rhode Island

Analysis

Old and Ancient Rowers Society of Rhode Island is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Old and Ancient Rowers Society of Rhode Island reported income of $759k and spending of $44k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $759k (+826%), an average of +74% a year. The sharpest change came in the year to December 2022, when income rose by 573%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old and Ancient Rowers Society of Rhode Island sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Walton Education Foundation Inc ($759k), Delavan Christian School Society Incorporated ($760k) and Monument View Montessori Charter School ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.