Indianapolis Rowing Center Inc

Analysis

Indianapolis Rowing Center Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1989, 37 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, Indianapolis Rowing Center Inc reported income of $831k and spending of $783k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $831k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indianapolis Rowing Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Massachusetts Water Works Association Incorporated ($831k), Emergency Nurses Association ($831k) and N O Bayou Chapter Abc Apprenshp & Craft Training Educ TR Fund ($831k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $98k (12% of expenses). Other salaries and wages came to $86k. At year end it held assets of $611k against liabilities of $61k, net assets of $551k. It reported 10 employees.