Intercollegiate Rowing Association Inc

Analysis

Intercollegiate Rowing Association Inc is a registered charity in United States, based in Marshfield, MA. It received its IRS tax-exemption ruling in January 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 June 2024, Intercollegiate Rowing Association Inc reported income of $505k and spending of $491k, spending 97% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $320k to $505k (+58%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Intercollegiate Rowing Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Belmont Community Center Inc ($505k), Wounded Warrior Outdoors Inc ($505k) and Chicago Heights Fitness L L C ($505k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $86k (17% of expenses). At year end it held assets of $259k against liabilities of $21k, net assets of $237k.