Chicago Rowing Foundation

Analysis

Chicago Rowing Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1981, 45 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 August 2023, Chicago Rowing Foundation reported income of $2.4m and spending of $2.0m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.4m (+68%), an average of +14% a year. The sharpest change came in the year to August 2023, when income rose by 69%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Rowing Foundation 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 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Silverado Policy Accelerator Inc ($2.4m), Police Athletic League of Jacksonville Inc ($2.4m) and Benedictine Senior Living Community of St Peter ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $158k (8.0% of expenses). Other salaries and wages came to $439k. At year end it held assets of $1.3m against liabilities of $166k, net assets of $1.2m. It reported 31 employees.