Belmont Rowing Center Inc

Analysis

Belmont Rowing Center Inc is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in September 2014, 12 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, Belmont Rowing Center Inc reported income of $163k and spending of $159k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $156k to $163k (+4.8%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Belmont Rowing Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Adage ($163k), T3 Team Triple Threat Inc ($163k) and Missouri Ice Hockey Officials Association ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $408k against liabilities of $353k, net assets of $55k.