Penn Athletic Club Rowing Association
EIN: 232565133 · Philadelphia, PA · NTEE: N6XC
| Metric | Value |
|---|---|
| Total Revenue | $892K |
| Total Expenses | $798K |
| Net Assets | $436K |
Is Penn Athletic Club Rowing Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Penn Athletic Club Rowing Association
Penn Athletic Club Rowing Association (EIN: 232565133) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code N6XC. The organization reported total revenue of $892K and total assets of $587K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penn Athletic Club Rowing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penn Athletic Club Rowing Association is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $924K |
| Total Expenses | $798K |
| Surplus / Deficit | +$126K |
| Total Assets | $564K |
| Total Liabilities | $128K |
| Net Assets | $436K |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 22.6% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Penn Athletic Club Rowing Association reported a surplus of $126K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 22.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Penn Athletic Club Rowing Association's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.0% | +6.7% | +30.4% |
| 2022 | +13.9% | +12.2% | +5.4% |
| 2021 | +283.7% | +151.3% | -6.0% |
| 2020 | -72.1% | -62.3% | +19.5% |
| 2019 | +6.2% | +18.9% | -16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Penn Athletic Club Rowing Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Penn Athletic Club Rowing Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $126K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.6%.
Frequently Asked Questions about Penn Athletic Club Rowing Association
Is Penn Athletic Club Rowing Association a legitimate charity?
Penn Athletic Club Rowing Association (EIN: 232565133) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $892K. No red flags identified. Financial health grade: A.
How does Penn Athletic Club Rowing Association spend its money?
Penn Athletic Club Rowing Association reported $892K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Penn Athletic Club Rowing Association tax-deductible?
Penn Athletic Club Rowing Association is registered as a tax-exempt nonprofit (EIN: 232565133). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Penn Athletic Club Rowing Association located?
Penn Athletic Club Rowing Association is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 232565133. It is classified under NTEE code N6XC.
How many years of IRS 990 filings does Penn Athletic Club Rowing Association have?
Penn Athletic Club Rowing Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $892K in total revenue.
Filing History
IRS 990 filing history for Penn Athletic Club Rowing Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Penn Athletic Club Rowing Association's revenue has grown by 37%, moving from $675K to $924K. Total assets increased by 663.1% over the same period, from $74K to $564K. Total functional expenses rose by 7.2%, from $744K to $798K. In its most recent filing year (2023), Penn Athletic Club Rowing Association reported a surplus of $126K, with revenue exceeding expenses. The organization holds $128K in liabilities against $564K in assets (debt-to-asset ratio: 22.6%), resulting in net assets of $436K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $924K | $798K | $564K | $128K | — | — |
| 2022 | $770K | $748K | $432K | $125K | — | View 990 |
| 2021 | $676K | $666K | $410K | $125K | — | View 990 |
| 2020 | $176K | $265K | $436K | $160K | — | — |
| 2019 | $631K | $703K | $365K | $0 | — | View 990 |
| 2018 | $594K | $592K | $437K | $0 | — | View 990 |
| 2017 | $586K | $516K | $434K | $0 | — | — |
| 2016 | $520K | $503K | $364K | $0 | — | View 990 |
| 2015 | $521K | $485K | $347K | $0 | — | View 990 |
| 2014 | $511K | $403K | $311K | $0 | — | View 990 |
| 2013 | $505K | $433K | $203K | $0 | — | View 990 |
| 2012 | $582K | $525K | $131K | $0 | — | View 990 |
| 2011 | $675K | $744K | $74K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $924K, expenses of $798K, and assets of $564K (revenue +20.0% year-over-year).
- 2022: Revenue of $770K, expenses of $748K, and assets of $432K (revenue +13.9% year-over-year).
- 2021: Revenue of $676K, expenses of $666K, and assets of $410K (revenue +283.7% year-over-year).
- 2020: Revenue of $176K, expenses of $265K, and assets of $436K (revenue -72.1% year-over-year).
- 2019: Revenue of $631K, expenses of $703K, and assets of $365K (revenue +6.2% year-over-year).
- 2018: Revenue of $594K, expenses of $592K, and assets of $437K (revenue +1.5% year-over-year).
- 2017: Revenue of $586K, expenses of $516K, and assets of $434K (revenue +12.5% year-over-year).
- 2016: Revenue of $520K, expenses of $503K, and assets of $364K (revenue +-0.0% year-over-year).
- 2015: Revenue of $521K, expenses of $485K, and assets of $347K (revenue +1.8% year-over-year).
- 2014: Revenue of $511K, expenses of $403K, and assets of $311K (revenue +1.3% year-over-year).
- 2013: Revenue of $505K, expenses of $433K, and assets of $203K (revenue -13.3% year-over-year).
- 2012: Revenue of $582K, expenses of $525K, and assets of $131K (revenue -13.7% year-over-year).
- 2011: Revenue of $675K, expenses of $744K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penn Athletic Club Rowing Association:
Data Sources and Methodology
This transparency report for Penn Athletic Club Rowing Association 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.