Independence Rowing Club Incorporated
Independence Rowing Club Incorporated shows no recent financial activity after years of minimal, volunteer-driven operations.
EIN: 20325323 · Nashua, NH · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $11K |
| Program Spending | 100% |
| Net Assets | $114K |
| Transparency Score | 85/100 |
Is Independence Rowing Club Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independence Rowing Club Incorporated directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independence Rowing Club Incorporated
Independence Rowing Club Incorporated (EIN: 20325323) is a nonprofit organization based in Nashua, NH, classified under NTEE code N67. 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 Independence Rowing Club Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independence Rowing Club Incorporated is a micro nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $11K |
| Surplus / Deficit | +$1K |
| Total Assets | $114K |
| Net Assets | $114K |
| Operating Margin | 10.1% |
| Months of Reserves | 129.1 months |
Financial Health Grade: A
In 2013, Independence Rowing Club Incorporated reported a surplus of $1K with revenue exceeding expenses, holds 129.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2011–2013), Independence Rowing Club Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -37.1% | -43.4% | +1.1% |
| 2012 | +41.2% | +34.3% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
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 Independence Rowing Club Incorporated 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Independence Rowing Club Incorporated allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization is entirely volunteer-run at the leadership level, which is highly commendable for an organization of its size.
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 Independence Rowing Club Incorporated's IRS 990 filings:
- Zero revenue and assets in the latest filing, indicating potential inactivity or cessation of operations.
Strengths
The following positive indicators were identified for Independence Rowing Club Incorporated:
- 100% program spending based on the absence of reported officer compensation and minimal expenses relative to assets.
- Zero officer compensation across all reported periods, indicating a volunteer-driven model.
- Historically maintained positive net assets and low liabilities, demonstrating sound financial management.
- High transparency with consistent IRS 990 filings despite minimal financial activity.
Frequently Asked Questions about Independence Rowing Club Incorporated
Is Independence Rowing Club Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Independence Rowing Club Incorporated (EIN: 20325323) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Independence Rowing Club Incorporated spend its money?
Independence Rowing Club Incorporated directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Independence Rowing Club Incorporated tax-deductible?
Independence Rowing Club Incorporated is registered as a tax-exempt nonprofit (EIN: 20325323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Independence Rowing Club Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Independence Rowing Club Incorporated is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independence Rowing Club Incorporated located?
Independence Rowing Club Incorporated is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20325323. It is classified under NTEE code N67.
How many years of IRS 990 filings does Independence Rowing Club Incorporated have?
Independence Rowing Club Incorporated has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Independence Rowing Club Incorporated still actively operating given its latest filing shows $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may no longer be actively operating or has significantly scaled down its activities. Further investigation into their current status would be necessary.
How does Independence Rowing Club Incorporated manage to operate with such low revenue?
Historically, the organization operated on revenues consistently under $20,000, likely relying heavily on volunteer efforts and minimal operational costs, as evidenced by 0% officer compensation and very low expenses relative to assets.
Filing History
IRS 990 filing history for Independence Rowing Club Incorporated showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Independence Rowing Club Incorporated's revenue has declined by 11.1%, moving from $13K to $12K. Total assets increased by 9.2% over the same period, from $105K to $114K. Total functional expenses fell by 24%, from $14K to $11K. In its most recent filing year (2013), Independence Rowing Club Incorporated reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $12K | $11K | $114K | $0 | — | View 990 |
| 2012 | $19K | $19K | $113K | $0 | — | View 990 |
| 2011 | $13K | $14K | $105K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $12K, expenses of $11K, and assets of $114K (revenue -37.1% year-over-year).
- 2012: Revenue of $19K, expenses of $19K, and assets of $113K (revenue +41.2% year-over-year).
- 2011: Revenue of $13K, expenses of $14K, and assets of $105K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independence Rowing Club Incorporated:
Data Sources and Methodology
This transparency report for Independence Rowing Club Incorporated 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.