Lake Oswego Rowing Club Foundation

Analysis

Lake Oswego Rowing Club Foundation is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lake Oswego Rowing Club Foundation reported income of $430k and spending of $503k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $301k to $430k (+43%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake Oswego Rowing Club Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within OR. Charities of a similar size with the same main cause include Park Side 104 Housing Development Fund Company Inc ($430k), Virginia Highlands Small Business Incubator ($431k) and The 516 Project Inc ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 91% of the total. Other salaries and wages came to $165k. At year end it held assets of $183k against liabilities of $6,658, net assets of $177k. It reported 9 employees.