Wilmington Rowing Center
EIN: 510279251 · Wilmington, DE · NTEE: N20Z
| Metric | Value |
|---|---|
| Total Revenue | $270K |
| Total Expenses | $206K |
| Net Assets | $1.0M |
Is Wilmington Rowing Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wilmington Rowing Center
Wilmington Rowing Center (EIN: 510279251) is a nonprofit organization based in Wilmington, DE, classified under NTEE code N20Z. The organization reported total revenue of $270K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilmington Rowing Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilmington Rowing Center is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $206K |
| Surplus / Deficit | +$46K |
| Total Assets | $1.4M |
| Total Liabilities | $418K |
| Net Assets | $1.0M |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 29.0% |
| Months of Reserves | 83.9 months |
Financial Health Grade: A
In 2023, Wilmington Rowing Center reported a surplus of $46K with revenue exceeding expenses, holds 83.9 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wilmington Rowing Center's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +14.4% | -0.1% |
| 2022 | +32.3% | +14.0% | -0.4% |
| 2021 | +18.3% | +4.4% | -1.9% |
| 2020 | -33.7% | -30.0% | -3.2% |
| 2019 | -19.6% | -4.3% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilmington Rowing Center 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 Wilmington Rowing Center 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 $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.0%.
Frequently Asked Questions about Wilmington Rowing Center
Is Wilmington Rowing Center a legitimate charity?
Wilmington Rowing Center (EIN: 510279251) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. Total revenue: $270K. No red flags identified. Financial health grade: A.
How does Wilmington Rowing Center spend its money?
Wilmington Rowing Center reported $270K 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 Wilmington Rowing Center tax-deductible?
Wilmington Rowing Center is registered as a tax-exempt nonprofit (EIN: 510279251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wilmington Rowing Center located?
Wilmington Rowing Center is headquartered in Wilmington, Delaware and files with the IRS under EIN 510279251. It is classified under NTEE code N20Z.
How many years of IRS 990 filings does Wilmington Rowing Center have?
Wilmington Rowing Center 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 $270K in total revenue.
Filing History
IRS 990 filing history for Wilmington Rowing Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wilmington Rowing Center's revenue has grown by 27.1%, moving from $198K to $252K. Total assets increased by 246.4% over the same period, from $416K to $1.4M. Total functional expenses rose by 1.8%, from $202K to $206K. In its most recent filing year (2023), Wilmington Rowing Center reported a surplus of $46K, with revenue exceeding expenses. The organization holds $418K in liabilities against $1.4M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $206K | $1.4M | $418K | — | — |
| 2022 | $220K | $180K | $1.4M | $466K | — | View 990 |
| 2021 | $166K | $158K | $1.4M | $509K | — | View 990 |
| 2020 | $141K | $151K | $1.5M | $554K | — | View 990 |
| 2019 | $212K | $216K | $1.5M | $592K | — | View 990 |
| 2018 | $264K | $226K | $1.6M | $618K | — | View 990 |
| 2017 | $237K | $224K | $1.5M | $649K | — | View 990 |
| 2016 | $301K | $257K | $1.6M | $671K | — | View 990 |
| 2015 | $284K | $229K | $1.5M | $700K | — | View 990 |
| 2014 | $345K | $218K | $1.5M | $726K | — | View 990 |
| 2013 | $467K | $253K | $1.4M | $768K | — | View 990 |
| 2012 | $228K | $200K | $1.0M | $565K | — | View 990 |
| 2011 | $198K | $202K | $416K | $178 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $206K, and assets of $1.4M (revenue +14.4% year-over-year).
- 2022: Revenue of $220K, expenses of $180K, and assets of $1.4M (revenue +32.3% year-over-year).
- 2021: Revenue of $166K, expenses of $158K, and assets of $1.4M (revenue +18.3% year-over-year).
- 2020: Revenue of $141K, expenses of $151K, and assets of $1.5M (revenue -33.7% year-over-year).
- 2019: Revenue of $212K, expenses of $216K, and assets of $1.5M (revenue -19.6% year-over-year).
- 2018: Revenue of $264K, expenses of $226K, and assets of $1.6M (revenue +11.2% year-over-year).
- 2017: Revenue of $237K, expenses of $224K, and assets of $1.5M (revenue -21.2% year-over-year).
- 2016: Revenue of $301K, expenses of $257K, and assets of $1.6M (revenue +6.1% year-over-year).
- 2015: Revenue of $284K, expenses of $229K, and assets of $1.5M (revenue -17.7% year-over-year).
- 2014: Revenue of $345K, expenses of $218K, and assets of $1.5M (revenue -26.1% year-over-year).
- 2013: Revenue of $467K, expenses of $253K, and assets of $1.4M (revenue +104.4% year-over-year).
- 2012: Revenue of $228K, expenses of $200K, and assets of $1.0M (revenue +15.3% year-over-year).
- 2011: Revenue of $198K, expenses of $202K, and assets of $416K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilmington Rowing Center:
Data Sources and Methodology
This transparency report for Wilmington Rowing Center 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.