Friends of Hickory Rowing Inc

Analysis

Friends of Hickory Rowing Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in August 2002, 24 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 2024, Friends of Hickory Rowing Inc reported income of $59k and spending of $57k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $74k to $59k (-20%), an average of -20% a year. The sharpest change came in the year to June 2024, when income dropped by 20%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Hickory Rowing Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Loudoun County Junior Golf Association ($59k), MCC Indians Boosters Inc ($59k) and Tarpon Springs Youth Soccer Association Inc ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $292k against liabilities of $0, net assets of $292k.