City Island Rowing

Analysis

City Island Rowing is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2016, 10 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 August 2023, City Island Rowing reported income of $397k and spending of $331k, spending 83% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $377k to $397k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to August 2021, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, City Island Rowing sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Woodside Vaulters Inc ($397k), LA Jolla Volleyball Inc ($397k) and Old Line Football Club ($397k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $66k (20% of expenses). Other salaries and wages came to $8,853. At year end it held assets of $596k against liabilities of $392k, net assets of $204k.