Amoskeag Rowing Club

Analysis

Amoskeag Rowing Club is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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, Amoskeag Rowing Club reported income of $161k and spending of $140k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $161k (+33%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amoskeag Rowing Club sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within NH. Charities of a similar size with the same main cause include Chadds Ford Historical Society ($161k), Massachusetts Bay Railroad Enthusiasts Inc ($161k) and Luray Volunteer Resque Squad Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $307k against liabilities of $4,500, net assets of $302k.