New Haven Rowing Club Inc

Analysis

New Haven Rowing Club Inc is a registered charity in United States, based in Oxford, CT. It received its IRS tax-exemption ruling in July 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 December 2023, New Haven Rowing Club Inc reported income of $260k and spending of $204k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $98k to $260k (+165%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Haven Rowing Club Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Creation Art Center Corporation ($260k), Missionary Church International Incorporated ($260k) and Hancock Parks Foundation ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 35% of the total. At year end it held assets of $1.8m against liabilities of $220k, net assets of $1.6m.