Olympia Area Rowing Association

Analysis

Olympia Area Rowing Association is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in July 1999, 27 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 (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, Olympia Area Rowing Association reported income of $289k and spending of $342k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $289k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Olympia Area Rowing Association sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include The Lacrosse Club Inc ($289k), American Southwest Conference ($289k) and Wildkit Swimming Organization ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $121k. At year end it held assets of $430k against liabilities of $51k, net assets of $379k. It reported 24 employees.