Hudson River Rowing Association Inc

Analysis

Hudson River Rowing Association Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in March 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hudson River Rowing Association Inc reported income of $293k and spending of $305k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $293k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hudson River Rowing Association Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Team New York Aquatics Inc ($293k), Kemper Center Inc ($293k) and Windham Soccer Association Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. At year end it held assets of $1.7m against liabilities of $53k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.