Duluth Rowing Club Inc

Analysis

Duluth Rowing Club Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in August 1979, 47 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, Duluth Rowing Club Inc reported income of $143k and spending of $123k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $143k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Duluth Rowing Club Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Coalition of 100 Black Women Los Angeles ($143k), Luke Officers Spouses Club ($143k) and Florida Center for Fiscal and Economic Policy Inc ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1,502 (1.2% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 8 employees.