Halifax Rowing Association Inc

Analysis

Halifax Rowing Association Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in October 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Halifax Rowing Association Inc reported income of $180k and spending of $225k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $323k to $180k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Halifax Rowing Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include SS Youth Soccer Club Inc ($180k), Norwalk Lacrosse Association Inc ($180k) and Little League Baseball Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 40% of the total. At year end it held assets of $154k against liabilities of $7,716, net assets of $146k.