Miami Rowing & Watersports Center

Analysis

Miami Rowing & Watersports Center is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1998, 28 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, Miami Rowing & Watersports Center reported income of $564k and spending of $537k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $479k to $564k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Miami Rowing & Watersports Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include North Irvine Water Polo Club ($564k), New Melle Sports and Recreation Inc ($564k) and Houston Youth Lacrosse ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 51% of the total. Other salaries and wages came to $265k. At year end it held assets of $199k against liabilities of $12k, net assets of $188k. It reported 9 employees.