Cape Coral Rowing Club Inc

Analysis

Cape Coral Rowing Club Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in September 2007, 19 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, Cape Coral Rowing Club Inc reported income of $123k and spending of $41k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $123k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 40% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Coral Rowing Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Central Florida Figure Skating Association Inc ($123k), Torrey Pines Docent Society ($123k) and Olean Oilers Baseball Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 43% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.