Rowing Club of the Woodlands Inc

Analysis

Rowing Club of the Woodlands Inc is a registered charity in United States, based in The Woodlands, TX. 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 December 2023, Rowing Club of the Woodlands Inc reported income of $218k and spending of $205k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $172k to $218k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rowing Club of the Woodlands 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 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include American Youth Football Inc ($218k), Pitt County Girl Softball League ($218k) and Ore to Shore ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $76k (37% of expenses). Other salaries and wages came to $26k. At year end it held assets of $590k against liabilities of $0, net assets of $590k.