Lake Washington Rowing Club

Analysis

Lake Washington Rowing Club is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1995, 31 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, Lake Washington Rowing Club reported income of $651k and spending of $491k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $651k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Washington Rowing Club sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Hemlock Lake Union Agricultural Society ($651k), McDowell Mountain Ranch Soccer Club ($651k) and Ride 2 Recovery ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 81% of the total. Other salaries and wages came to $120k. At year end it held assets of $1.9m against liabilities of $2,415, net assets of $1.9m. It reported 14 employees.