Sarasota County Rowing Club Inc

Analysis

Sarasota County Rowing Club Inc is a registered charity in United States, based in Osprey, FL. It received its IRS tax-exemption ruling in January 2015, 11 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, Sarasota County Rowing Club Inc reported income of $213k and spending of $192k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $213k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sarasota County Rowing Club Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include White Rock Lake Foundation ($213k), Gallatin Soccer Club ($213k) and Orlando Thunder Water Polo Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $29k (15% of expenses). At year end it held assets of $345k against liabilities of $1,284, net assets of $344k. It reported 1 employees.