Row New York Inc

Analysis

Row New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Row New York Inc reported income of $10.7m and spending of $4.0m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $10.7m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 52% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Row New York Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Lower Town Riverfront Conservancy ($10.7m), Reno Air Racings Association Inc ($10.7m) and Stratton Mountain School & Ski Foundation Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $436k (11% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $22.8m against liabilities of $269k, net assets of $22.5m. It reported 56 employees.