Twin Cities Youth Rowing Club

Analysis

Twin Cities Youth Rowing Club is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Twin Cities Youth Rowing Club reported income of $258k and spending of $233k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $291k to $258k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Twin Cities Youth Rowing Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Lake County Youth Ice Hockey Association ($258k), Delaware Junior Blue Hens Ice Hockey Club ($258k) and Libertyville Hockey Club Organization Incorporated ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. Other salaries and wages came to $48k. At year end it held assets of $130k against liabilities of $157, net assets of $129k. It reported 11 employees.