Lake County Rowing Association

Analysis

Lake County Rowing Association is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in April 2012, 14 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 (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, Lake County Rowing Association reported income of $201k and spending of $173k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $225k to $201k (-11%), an average of -11% a year. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake County Rowing Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($201k), Charlestown Youth Soccerassociation Inc ($201k) and American Youth Football Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $69k. At year end it held assets of $216k against liabilities of $5,902, net assets of $210k. It reported 9 employees.