Mobjack Rowing Association Inc

Analysis

Mobjack Rowing Association Inc is a registered charity in United States, based in Mathews, VA. It received its IRS tax-exemption ruling in October 2000, 26 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 May 2023, Mobjack Rowing Association Inc reported income of $93k and spending of $56k, leaving 40% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income fell from $297k to $93k (-69%), an average of -69% a year. The sharpest change came in the year to May 2023, when income dropped by 69%. Over the whole period it spent 32% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mobjack Rowing Association Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Tamina Community Center ($93k), McGilvra Youth Soccer Club ($93k) and Silver Creek Athletic Association ($93k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 46% and program service revenue 8.6% of the total. At year end it held assets of $420k against liabilities of $0, net assets of $420k.