Thomas Eakins Head of the Schuylkill Regatta

Analysis

Thomas Eakins Head of the Schuylkill Regatta is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2009, 17 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, Thomas Eakins Head of the Schuylkill Regatta reported income of $514k and spending of $475k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $514k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 1335%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Thomas Eakins Head of the Schuylkill Regatta sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Eden Prairie Baseball Association ($513k), Little League Baseball Inc ($514k) and Grant Park Conservancy Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $85k (18% of expenses). At year end it held assets of $642k against liabilities of $0, net assets of $642k. It reported 1 employees.