Stonington Community Rowing Center

Analysis

Stonington Community Rowing Center is a registered charity in United States, based in Stonington, CT. It received its IRS tax-exemption ruling in July 2021, 5 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, Stonington Community Rowing Center reported income of $478k and spending of $27k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $235k to $478k (+104%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 6.9% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stonington Community Rowing Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Newport Mesa Soccer Club ($478k), Magic City Enterprises Foundation ($478k) and Canton Amateur Hockey Association ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. At year end it held assets of $985k against liabilities of $0, net assets of $985k.