Los Gatos Rowing Club Inc

Analysis

Los Gatos Rowing Club Inc is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in March 1981, 45 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, Los Gatos Rowing Club Inc reported income of $961k and spending of $1.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $961k (-8.4%), an average of -2.2% a year. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Gatos Rowing Club Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Water Sports Foundation Inc ($961k), Collegiate Water Polo Association ($962k) and Illinois Professional Golfers Association Foundation Inc ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $110k (11% of expenses). Other salaries and wages came to $390k. At year end it held assets of $1.3m against liabilities of $127k, net assets of $1.1m. It reported 27 employees.