Princeton National Rowing Association

Analysis

Princeton National Rowing Association is a registered charity in United States, based in Princeton JCT, NJ. It received its IRS tax-exemption ruling in October 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 June 2023, Princeton National Rowing Association reported income of $1.8m and spending of $1.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.8m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 40%. 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, Princeton National Rowing Association sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Boys & Girls Club of the Flathead Reservation ($1.8m), Santa Barbara Soccer Club ($1.8m) and Wisconsin Amateur Hockey Association Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $134k (8.3% of expenses). Other salaries and wages came to $424k. At year end it held assets of $4.2m against liabilities of $92k, net assets of $4.1m. It reported 44 employees.