Passaic River Rowing Association

Analysis

Passaic River Rowing Association is a registered charity in United States, based in Lyndhurst, NJ. It received its IRS tax-exemption ruling in May 2000, 26 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, Passaic River Rowing Association reported income of $175k and spending of $181k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $97k to $175k (+81%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Passaic River Rowing Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Tippecanoe County Park and Recreation Foundation Inc ($175k), Neartown Little League ($175k) and Florence County Blue Ox Trail Rider S Inc ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 56% of the total. At year end it held assets of $290k against liabilities of $7,660, net assets of $282k.