Anchorage Rowing Association

Analysis

Anchorage Rowing Association is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 2001, 25 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, Anchorage Rowing Association reported income of $51k and spending of $62k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $51k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Anchorage Rowing Association sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 14th percentile within AK. Charities of a similar size with the same main cause include Neville Ministries Incorporated ($51k), Conejo Swimming Assn Parents Organization ($51k) and Mentor Harbor Youth Sailing Association Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 70% of the total. At year end it held assets of $38k against liabilities of $1,357, net assets of $37k.