Waco Rowing Club Inc

Analysis

Waco Rowing Club Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in December 2016, 10 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, Waco Rowing Club Inc reported income of $325k and spending of $426k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $252k to $325k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waco Rowing Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Far West Skiing Inc ($325k), Super Essex Conference ($325k) and GPL Polo Club Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $31k (7.2% of expenses). At year end it held assets of $669k against liabilities of $483k, net assets of $186k.