Liberty Rowing Inc

Analysis

Liberty Rowing Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in May 2004, 22 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, Liberty Rowing Inc reported income of $280k and spending of $313k, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $220k to $280k (+27%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Liberty Rowing Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Southern Arizona Adaptive Sports ($280k), Morgan-Ross Athletic Association ($280k) and Geneva Feeder Program ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $114k. At year end it held assets of $493k against liabilities of $385k, net assets of $108k. It reported 14 employees.