Textile River Regatta Inc

Analysis

Textile River Regatta Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in December 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, Textile River Regatta Inc reported income of $70k and spending of $63k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $70k (+13%), an average of +13% a year. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Textile River Regatta Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Mechanicsburg Swim Club ($70k), Philadelphia Area Team Tennis Association ($70k) and Gridiron Club of Mansfield ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.