Pacific Rowing Club

Analysis

Pacific Rowing Club is a registered charity in United States, based in Daly City, CA. It received its IRS tax-exemption ruling in April 2003, 23 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 June 2024, Pacific Rowing Club reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $479k to $1.0m (+115%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pacific Rowing Club sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Yeti Baseball Club Inc ($1.0m), Central Bucks Athletic Association Inc ($1.0m) and Be Ready Community Development Corporation ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $33k (3.0% of expenses). Other salaries and wages came to $447k. At year end it held assets of $564k against liabilities of $9,038, net assets of $555k. It reported 30 employees.