Old Lyme Rowing Association Inc

Analysis

Old Lyme Rowing Association Inc is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in March 2013, 13 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 Lyme Rowing Association Inc reported income of $122k and spending of $102k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $122k (+14%), an average of +14% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Lyme Rowing Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include El Toro High School Cheer-Song Boosters Club ($122k), Indian River High School Band Boosters ($122k) and North Paulding Dugout Club ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.