Friends of Port Rowing Inc

Analysis

Friends of Port Rowing Inc is a registered charity in United States, based in Port Washington, NY. It received its IRS tax-exemption ruling in June 2011, 15 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 July 2023, Friends of Port Rowing Inc reported income of $625k and spending of $580k, spending 93% of its income. Across the 5 years on record, from December 2019 to July 2023, income fell from $657k to $625k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to July 2022, when income rose by 141%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Port Rowing Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Justin J Watt Foundation ($625k), North Wake County Baseball Association Inc ($626k) and Cleveland Alliance Soccer Association ($625k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $265k. At year end it held assets of $1.0m against liabilities of $23k, net assets of $997k. It reported 18 employees.