Lake Lanier Rowing Club Inc

Analysis

Lake Lanier Rowing Club Inc is a registered charity in United States, based in Gainesville, GA. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lake Lanier Rowing Club Inc reported income of $144k and spending of $157k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $133k to $144k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Lanier Rowing Club Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Claiborne County Fair Association ($144k), Colfax Golf Course Foundation ($144k) and Greenville Girls Softball Association Inc ($144k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 45% of the total. Other salaries and wages came to $60k. At year end it held assets of $307k against liabilities of $11k, net assets of $296k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.