Power Ten Rowing Club Incorporated

Analysis

Power Ten Rowing Club Incorporated is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 2002, 24 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, Power Ten Rowing Club Incorporated reported income of $94k and spending of $110k, spending 117% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $182k to $94k (-49%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. 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, Power Ten Rowing Club Incorporated sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include St James Athletic Association ($94k), Miss Scotties Softball Inc ($94k) and TJ Football Boosters ($94k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.