Baltimore Rowing Club Inc

Analysis

Baltimore Rowing Club Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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 December 2023, Baltimore Rowing Club Inc reported income of $266k and spending of $294k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $266k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baltimore Rowing Club Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Richmond Yacht Club Foundation ($266k), Pamc Health Foundation Inc ($266k) and Lewis and Clark County Historical Society Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $123k. At year end it held assets of $311k against liabilities of $7,392, net assets of $304k. It reported 2 employees.