Michigan Rowing Association

Analysis

Michigan Rowing Association is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in May 1985, 41 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, Michigan Rowing Association reported income of $890k and spending of $475k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $890k (+181%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Rowing Association 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 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Bethany Home Inc ($890k), Center for Spiritual Studies of California ($890k) and West Tennessee Hearing and Speech Center Inc ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $710k against liabilities of $0, net assets of $710k. It reported 2 employees.