Philadelphia City Rowing

Analysis

Philadelphia City Rowing is a registered charity in United States, based in Plymouth MTNG, PA. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Philadelphia City Rowing reported income of $571k and spending of $874k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $571k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 59%. 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, Philadelphia City Rowing sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Canby Kids Incorporated ($571k), Mound Westonka Hockey Association Inc ($571k) and Greater Boca Youth Soccer Association Inc ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $130k (15% of expenses). Other salaries and wages came to $391k. At year end it held assets of $1.2m against liabilities of $640k, net assets of $605k. It reported 28 employees.