Atlanta Rowing Club Inc

Analysis

Atlanta Rowing Club Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2023, 3 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 December 2023, Atlanta Rowing Club Inc reported income of $293k and spending of $278k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $542k to $293k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 75%. 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, Atlanta Rowing Club Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Oklahoma Athletics Softball Academy Inc ($293k), Wakefield Youth Skating Association Inc ($293k) and Noble County Community Fair Corporation ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 89% of the total. At year end it held assets of $1.2m against liabilities of $3,063, net assets of $1.2m.