Parati Competitive Rowing

Analysis

Parati Competitive Rowing is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in November 2013, 13 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 May 2024, Parati Competitive Rowing reported income of $152k and spending of $164k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $243k to $152k (-37%), an average of -11% a year. The sharpest change came in the year to May 2021, when income dropped by 40%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parati Competitive Rowing sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include New Jersey Bicycle Coalition ($152k), Bulldawg Football Boosters ($152k) and Amherst Youth Basketball Inc ($152k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 4.3% and program service revenue 12% of the total. At year end it held assets of $173k against liabilities of $57k, net assets of $117k.