Brick City Rowing

Analysis

Brick City Rowing is a registered charity in United States, based in Newark, NJ. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brick City Rowing reported income of $108k and spending of $102k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $108k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brick City Rowing sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include San Bruno Youth Baseball ($108k), Easten Idaho Volleyball Association ($109k) and South Suburban Mens Golf Club ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $273k against liabilities of $2,714, net assets of $271k.