Moorestown Rowing Club Inc

Analysis

Moorestown Rowing Club Inc is a registered charity in United States, based in Moorestown, NJ. It received its IRS tax-exemption ruling in December 2002, 24 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 December 2023, Moorestown Rowing Club Inc reported income of $388k and spending of $435k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $388k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Moorestown Rowing Club Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Fort Mill United Inc ($388k), BS Rodeo ($388k) and Elmhurst Swim Team ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $268k against liabilities of $132k, net assets of $136k.