Virginia Scholastic Rowing Association

Analysis

Virginia Scholastic Rowing Association is a registered charity in United States, based in Fairfax Sta, VA. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Virginia Scholastic Rowing Association reported income of $279k and spending of $244k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $213k to $279k (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 684%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Scholastic Rowing Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Bennington Booster Club Inc ($279k), Dcpr-Tpdc Booster Club Inc ($279k) and Miracle League of Arkansas Inc ($279k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 77% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.