Penn Athletic Club Rowing Association

Analysis

Penn Athletic Club Rowing Association is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1990, 36 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, Penn Athletic Club Rowing Association reported income of $924k and spending of $798k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $631k to $924k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 284%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Penn Athletic Club Rowing Association sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Road Runners Club of America ($924k), Oklahoma Soccer Association Inc ($924k) and Springfield Area Soccer Assoc ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Other salaries and wages came to $156k. At year end it held assets of $564k against liabilities of $128k, net assets of $436k. It reported 15 employees.