National Rowing Foundation Inc

Analysis

National Rowing Foundation Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in March 1966, 60 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 December 2023, National Rowing Foundation Inc reported income of $1.2m and spending of $948k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.2m (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, National Rowing Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include New England Mountain Bike Association Inc ($1.2m), Stma Youth Hockey Association Inc ($1.2m) and Tennessee Aquatics Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $15k (1.6% of expenses). At year end it held assets of $8.0m against liabilities of $2,210, net assets of $8.0m. It reported 1 employees.