Jordan Lake Rowing Club Inc

Analysis

Jordan Lake Rowing Club Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2017, 9 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, Jordan Lake Rowing Club Inc reported income of $56k and spending of $43k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $83k to $56k (-33%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jordan Lake Rowing Club Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Friends of Dag Hammarskjold Plaza ($56k), East Sacramento Babe Ruth ($56k) and Boardman Basketball 6th Man Club ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.