Milwaukee Rowing Club

Analysis

Milwaukee Rowing Club is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1997, 29 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, Milwaukee Rowing Club reported income of $430k and spending of $364k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $396k to $430k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Milwaukee Rowing Club sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include New Prague Hockey Association Inc ($430k), Greater Los Angeles Softball Association ($430k) and Fury FC Inc ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.