Bainbridge Island Rowing Club

Analysis

Bainbridge Island Rowing Club is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in March 2002, 24 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, Bainbridge Island Rowing Club reported income of $760k and spending of $811k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $909k to $760k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bainbridge Island Rowing Club sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Soccer Club of Los Gatos ($760k), South FL Football Academy Inc ($760k) and SC Swimming Cafl Inc ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $62k (7.7% of expenses). Other salaries and wages came to $183k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m. It reported 25 employees.