Triangle Rowing Club

Analysis

Triangle Rowing Club is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in December 2008, 18 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 July 2023, Triangle Rowing Club reported income of $448k and spending of $415k, spending 93% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $272k to $448k (+65%), an average of +18% a year. The sharpest change came in the year to July 2021, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Rowing Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Wilmington Soccer Academy ($448k), Mason County Library Board ($449k) and Swarm Baseball Foundation ($448k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $154k. At year end it held assets of $269k against liabilities of $8,975, net assets of $260k. It reported 7 employees.