Philadelphia Scholastic Rowing Association

Analysis

Philadelphia Scholastic Rowing Association is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in February 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, Philadelphia Scholastic Rowing Association reported income of $222k and spending of $237k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $222k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 176%. 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, Philadelphia Scholastic Rowing Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($222k), Kirkwood United Soccer Club ($222k) and Under the Stars Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 89% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.

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.