Lake Casitas Rowing Association

Analysis

Lake Casitas Rowing Association is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in November 2008, 18 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 June 2023, Lake Casitas Rowing Association reported income of $436k and spending of $453k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $161k to $436k (+170%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 138%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Casitas Rowing Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Atherton Bulldogs ($436k), Warriors Youth Baseball Academy ($436k) and Woodbury County Fair Association Inc ($436k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Other salaries and wages came to $208k. At year end it held assets of $234k against liabilities of $26k, net assets of $207k. It reported 18 employees.