Minneapolis Rowing Club

Analysis

Minneapolis Rowing Club is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1973, 53 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, Minneapolis Rowing Club reported income of $474k and spending of $473k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $219k to $474k (+116%), an average of +17% a year. The sharpest change came in the year to December 2019, when income rose by 98%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minneapolis Rowing Club sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include America Scores LA ($474k), Roswell-Chaves County Economic Development Foundation ($474k) and Detroit Lakes Youth Hockey Association Incorporated ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $72k (15% of expenses). Other salaries and wages came to $101k. At year end it held assets of $170k against liabilities of $114, net assets of $170k. It reported 28 employees.