Grosse Ile Rowing Club

Analysis

Grosse Ile Rowing Club is a registered charity in United States, based in Grosse Ile, MI. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Grosse Ile Rowing Club reported income of $79k and spending of $67k, spending 85% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $24k to $79k (+231%), an average of +49% a year. The sharpest change came in the year to August 2021, when income rose by 155%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grosse Ile Rowing Club sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Lions Hockey Boosters ($79k), Parent Booster USA Inc ($79k) and Amhs Partners in Education ($79k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 2.2% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.