Austin Rowing Club

Analysis

Austin Rowing Club is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1984, 42 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, Austin Rowing Club reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $913k to $2.2m (+137%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Austin Rowing Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Friends of the Festival Inc ($2.2m), Bethesda Chevy Chase Baseball Inc ($2.2m) and The Childrens Course Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $122k (5.5% of expenses). Other salaries and wages came to $899k. At year end it held assets of $663k against liabilities of $37k, net assets of $626k. It reported 82 employees.