Mile High Rowing Club

Analysis

Mile High Rowing Club is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in April 2009, 17 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, Mile High Rowing Club reported income of $211k and spending of $229k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $211k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mile High Rowing Club 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 51st percentile within CO. Charities of a similar size with the same main cause include Orange County Sports Alliance ($211k), Ocean Pines Swim Team Inc ($211k) and Ennis Rodeo Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $43k. At year end it held assets of $147k against liabilities of $9,743, net assets of $138k. It reported 15 employees.