Wilmington Rowing Center

Analysis

Wilmington Rowing Center is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 1992, 34 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, Wilmington Rowing Center reported income of $252k and spending of $206k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $252k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wilmington Rowing Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 53rd percentile within DE. Charities of a similar size with the same main cause include Friends of Stewart Park Inc ($252k), Del Rio CC Foundation ($252k) and Little League Baseball Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. At year end it held assets of $1.4m against liabilities of $418k, net assets of $1.0m.