Chattanooga Rowing

Analysis

Chattanooga Rowing is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 September 2023, Chattanooga Rowing reported income of $176k and spending of $145k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $115k to $176k (+54%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chattanooga Rowing sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Ulysses Historical Society ($176k), Catholic Community Services Foundation ($176k) and Foothills Trail Conference Inc ($176k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $592k against liabilities of $1,812, net assets of $590k.