Gainesville Area Rowing Inc

Analysis

Gainesville Area Rowing Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in June 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 July 2022, Gainesville Area Rowing Inc reported income of $153k and spending of $115k, leaving 25% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income fell from $268k to $153k (-43%), an average of -17% a year. The sharpest change came in the year to July 2021, when income dropped by 43%. Over the whole period it spent 52% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gainesville Area Rowing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Fairfax Home School Athletic Association ($153k), Abington Youth Soccer ($153k) and American Youth Football Inc ($153k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 2.5% and program service revenue 81% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.3m against liabilities of $16k, net assets of $1.3m.