Vero Beach Rowing Inc

Analysis

Vero Beach Rowing Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Vero Beach Rowing Inc reported income of $643k and spending of $608k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $643k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vero Beach Rowing Inc 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 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Southern Crescent Technical College Foundation Inc ($643k), Formative Foundation ($643k) and Rape Crisis Center Serving Horry and Georgetown Counties ($643k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $151k. At year end it held assets of $3.2m against liabilities of $1,582, net assets of $3.1m. It reported 5 employees.