Friends of Detroit Rowing Inc

Analysis

Friends of Detroit Rowing Inc is a registered charity in United States, based in Grosse Pointe, MI. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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, Friends of Detroit Rowing Inc reported income of $383k and spending of $344k, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $599k to $383k (-36%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Detroit Rowing Inc 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 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Raleigh Housing Fund Inc ($383k), Clare House Inc ($383k) and Volunteers of America Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 62% of the total. Other salaries and wages came to $55k. It paid $32k in professional fundraising fees. At year end it held assets of $978k against liabilities of $157k, net assets of $821k. It reported 9 employees.