Commencement Bay Rowing Club

Analysis

Commencement Bay Rowing Club is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Commencement Bay Rowing Club reported income of $205k and spending of $198k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $205k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commencement Bay Rowing Club sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Mid Valley Gleaners ($205k), Friends of Deer Hollow Farm ($205k) and Providence Medical Center Foundation ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $7,049 (3.6% of expenses). Other salaries and wages came to $53k. At year end it held assets of $740k against liabilities of $9,373, net assets of $731k. It reported 13 employees.