Norwalk River Rowing Association

Analysis

Norwalk River Rowing Association is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in August 1998, 28 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, Norwalk River Rowing Association reported income of $601k and spending of $696k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $601k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Norwalk River Rowing Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Freedom Waters Foundation Inc ($601k), North Texas Thunder Water Polo ($602k) and Kingwood Fillies Drill Team Booster Club ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $273k. At year end it held assets of $746k against liabilities of $530k, net assets of $216k. It reported 26 employees.

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.