Hollywood Youth Rowing Club Inc

Analysis

Hollywood Youth Rowing Club Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in March 2022, 4 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, Hollywood Youth Rowing Club Inc reported income of $246k and spending of $136k, leaving 45% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $32 to $246k (+767425%), an average of +8661% a year. The sharpest change came in the year to June 2023, when income rose by 357153%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hollywood Youth Rowing Club Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include United Parks As One ($246k), Amateur Athletic Union Ov the United States Inc ($246k) and Adaptive Sports for Kids Inc ($246k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $130k against liabilities of $0, net assets of $130k. It reported 4 employees.