Oyster Bay Community Rowing Inc

Analysis

Oyster Bay Community Rowing Inc is a registered charity in United States, based in Oyster Bay, NY. It received its IRS tax-exemption ruling in July 2018, 8 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, Oyster Bay Community Rowing Inc reported income of $351k and spending of $288k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $209k to $351k (+68%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oyster Bay Community Rowing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Warrington Youth Baseball ($351k), Top Flight Elite ($351k) and Oswego Youth Tackle Football Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Other salaries and wages came to $117k. At year end it held assets of $287k against liabilities of $123k, net assets of $164k. It reported 10 employees.