Three Rivers Rowing Association

Analysis

Three Rivers Rowing Association is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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, Three Rivers Rowing Association reported income of $1.1m and spending of $1.3m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Three Rivers Rowing Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Oak Ridge High School Sports ($1.1m), Knollbrook Trust ($1.1m) and Valiant Air Command Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $71k (5.3% of expenses). Other salaries and wages came to $314k. At year end it held assets of $3.0m against liabilities of $652k, net assets of $2.4m. It reported 21 employees.

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.