Oak Ridge Rowing Assocation Inc

Analysis

Oak Ridge Rowing Assocation Inc is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 2023, Oak Ridge Rowing Assocation Inc reported income of $727k and spending of $680k, spending 94% of its income. Across the 5 years on record, from September 2019 to July 2023, income grew from $482k to $727k (+51%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oak Ridge Rowing Assocation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Friends of Yeshiva Toras Moshe Inc ($727k), Hillel the Foundation for Jewish Campus Life ($727k) and New Mexico Health Resources Inc ($727k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Other salaries and wages came to $177k. At year end it held assets of $254k against liabilities of $21k, net assets of $233k. It reported 14 employees.