Everett Rowing Association

Analysis

Everett Rowing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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, Everett Rowing Association reported income of $563k and spending of $642k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $563k (+0.0%), an average of +0.0% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Everett Rowing Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($563k), Aurora Senior Housing Inc ($563k) and Knox County Rescue ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $56k (8.7% of expenses). Other salaries and wages came to $157k. At year end it held assets of $336k against liabilities of $5,356, net assets of $331k. It reported 21 employees.