Concord Rowing Club
Concord Rowing Club shows declining revenue but maintains strong financial health with no liabilities.
EIN: 204794927 · Wilmington, DE · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $40K |
| Program Spending | 90% |
| Net Assets | $30K |
| Transparency Score | 85/100 |
Is Concord Rowing Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concord Rowing Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concord Rowing Club
Concord Rowing Club (EIN: 204794927) is a nonprofit organization based in Wilmington, DE, classified under NTEE code N60. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord Rowing Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord Rowing Club is a micro nonprofit that has been operating for 19 years, with 3 years of IRS 990 filings on record (2016–2018). Revenue has grown at a compound annual rate of -24.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $40K |
| Surplus / Deficit | +$2K |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | 3.7% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2018, Concord Rowing Club reported a surplus of $2K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2016–2018), Concord Rowing Club's revenue has declined at a compound annual growth rate (CAGR) of -24.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -18.9% | -25.8% | +13.5% |
| 2017 | -29.6% | -21.9% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Concord Rowing Club with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Concord Rowing Club allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation was reported across all three filing periods, suggesting a volunteer-led organization or that compensation falls below reporting thresholds, which is typical for small nonprofits.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Concord Rowing Club's IRS 990 filings:
- Declining revenue trend over three years (from $72,767 in 2016 to $41,563 in 2018)
Strengths
The following positive indicators were identified for Concord Rowing Club:
- Zero liabilities across all reported periods
- Consistent positive asset balance, growing to $29,907 in 2018
- No reported officer compensation, indicating efficient use of funds for mission
- Expenses closely align with revenue, showing responsible spending
- Consistent IRS 990 filing history demonstrates transparency
Frequently Asked Questions about Concord Rowing Club
Is Concord Rowing Club a legitimate charity?
Concord Rowing Club (EIN: 204794927) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Concord Rowing Club spend its money?
Concord Rowing Club directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Concord Rowing Club tax-deductible?
Concord Rowing Club is registered as a tax-exempt nonprofit (EIN: 204794927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Concord Rowing Club compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Concord Rowing Club is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concord Rowing Club located?
Concord Rowing Club is headquartered in Wilmington, Delaware and files with the IRS under EIN 204794927. It is classified under NTEE code N60.
How many years of IRS 990 filings does Concord Rowing Club have?
Concord Rowing Club has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Concord Rowing Club a good charity?
Based on the available data, Concord Rowing Club appears to be a well-managed small nonprofit. It has no liabilities, consistently files its 990s, and reports no officer compensation, suggesting a high proportion of funds go directly to its mission. However, the declining revenue trend is a point to monitor.
What caused the decline in revenue from 2016 to 2018?
The IRS 990 data alone does not specify the exact causes for the revenue decline from $72,767 in 2016 to $41,563 in 2018. Potential reasons could include decreased donations, fewer program participants, or changes in grant funding.
How does Concord Rowing Club manage to have zero liabilities?
Maintaining zero liabilities across all reported periods indicates a very conservative financial approach, likely operating within its means and avoiding debt. This is a strong indicator of financial stability.
Filing History
IRS 990 filing history for Concord Rowing Club showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2016–2018), Concord Rowing Club's revenue has declined by 42.9%, moving from $73K to $42K. Total assets increased by 12.4% over the same period, from $27K to $30K. Total functional expenses fell by 42.1%, from $69K to $40K. In its most recent filing year (2018), Concord Rowing Club reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $42K | $40K | $30K | $0 | — | View 990 |
| 2017 | $51K | $54K | $26K | $0 | — | View 990 |
| 2016 | $73K | $69K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $42K, expenses of $40K, and assets of $30K (revenue -18.9% year-over-year).
- 2017: Revenue of $51K, expenses of $54K, and assets of $26K (revenue -29.6% year-over-year).
- 2016: Revenue of $73K, expenses of $69K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord Rowing Club:
Data Sources and Methodology
This transparency report for Concord Rowing Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.