Tristar Rowing

Analysis

Tristar Rowing is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 2019, 7 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 May 2023, Tristar Rowing reported income of $462k and spending of $450k, spending 98% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $359k to $462k (+29%), an average of +8.8% a year. The sharpest change came in the year to May 2022, when income rose by 66%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tristar Rowing sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Harris Baseball Softball Inc ($462k), Wilderness Leadership & Learning Inc ($462k) and Warriors Soccer Club ($462k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $89k. At year end it held assets of $146k against liabilities of $198k, net assets of -$52k. It reported 10 employees.