Capital Rowing Club Inc

Analysis

Capital Rowing Club Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Capital Rowing Club Inc reported income of $573k and spending of $478k, spending 83% of its income. Across the 4 years on record, from February 2020 to February 2023, income grew from $374k to $573k (+53%), an average of +15% a year. The sharpest change came in the year to February 2022, when income rose by 99%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Capital Rowing Club Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Alpena Youth Center Inc ($573k), North Okc Soccer Club Inc ($573k) and Mid Maryland Officials Association Inc ($573k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. At year end it held assets of $552k against liabilities of $0, net assets of $552k.