Litchfield Hills Rowing Club Inc

Analysis

Litchfield Hills Rowing Club Inc is a registered charity in United States, based in Litchfield, CT. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, Litchfield Hills Rowing Club Inc reported income of $412k and spending of $327k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $223k to $412k (+84%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Litchfield Hills Rowing Club Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Philadelphia Area Cooperative Alliance ($412k), Bosco-Milligan Foundation ($412k) and Ossabaw Island Foundation Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $142k. At year end it held assets of $381k against liabilities of $135, net assets of $381k. It reported 10 employees.