Friends of Montclair Rowing Inc

Analysis

Friends of Montclair Rowing Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of Montclair Rowing Inc reported income of $571k and spending of $579k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $299k to $571k (+91%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Montclair Rowing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Los Angeles Press Club ($571k), Montclair Free Public Library Foundation Inc ($571k) and Sunset Nursery School ($571k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 78% of the total. At year end it held assets of $123k against liabilities of $35k, net assets of $89k.