Wilmington Youth Rowing Association
EIN: 510357050 · Wilmington, DE · NTEE: I21
| Metric | Value |
|---|---|
| Total Revenue | $395K |
| Total Expenses | $357K |
| Net Assets | $786K |
Is Wilmington Youth 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 Wilmington Youth Rowing Association
Wilmington Youth Rowing Association (EIN: 510357050) is a nonprofit organization based in Wilmington, DE, classified under NTEE code I21. The organization reported total revenue of $395K and total assets of $834K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilmington Youth Rowing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilmington Youth Rowing Association is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $253K |
| Total Expenses | $357K |
| Surplus / Deficit | $-103,892 |
| Total Assets | $820K |
| Total Liabilities | $34K |
| Net Assets | $786K |
| Operating Margin | -41.1% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 27.6 months |
Financial Health Grade: B
In 2023, Wilmington Youth Rowing Association reported a deficit of $104K with expenses exceeding revenue, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Wilmington Youth Rowing Association's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +1.9% | -8.5% |
| 2022 | -39.2% | +20.4% | -12.1% |
| 2021 | +118.6% | +26.4% | +4.5% |
| 2020 | -24.8% | -15.3% | -1.2% |
| 2019 | -11.0% | -7.5% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilmington Youth 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 Wilmington Youth 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 deficit of $104K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Frequently Asked Questions about Wilmington Youth Rowing Association
Is Wilmington Youth Rowing Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilmington Youth Rowing Association (EIN: 510357050) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wilmington Youth Rowing Association spend its money?
Detailed spending breakdown data is not yet available for Wilmington Youth Rowing Association. Check back for updated IRS 990 analysis.
Are donations to Wilmington Youth Rowing Association tax-deductible?
Wilmington Youth Rowing Association is registered as a tax-exempt nonprofit (EIN: 510357050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wilmington Youth Rowing Association located?
Wilmington Youth Rowing Association is headquartered in Wilmington, Delaware and files with the IRS under EIN 510357050. It is classified under NTEE code I21.
How many years of IRS 990 filings does Wilmington Youth Rowing Association have?
Wilmington Youth Rowing Association has 14 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 $395K in total revenue.
Filing History
IRS 990 filing history for Wilmington Youth Rowing Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Wilmington Youth Rowing Association's revenue has grown by 33.2%, moving from $190K to $253K. Total assets decreased by 33.9% over the same period, from $1.2M to $820K. Total functional expenses rose by 57.7%, from $226K to $357K. In its most recent filing year (2023), Wilmington Youth Rowing Association reported a deficit of $104K, with expenses exceeding revenue. The organization holds $34K in liabilities against $820K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $786K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $253K | $357K | $820K | $34K | — | — |
| 2022 | $232K | $350K | $896K | $6K | — | View 990 |
| 2021 | $381K | $291K | $1.0M | $11K | — | View 990 |
| 2020 | $174K | $230K | $975K | $57K | — | — |
| 2019 | $232K | $272K | $987K | $13K | — | View 990 |
| 2018 | $260K | $294K | $1.0M | $34K | — | View 990 |
| 2017 | $237K | $330K | $1.1M | $64K | — | View 990 |
| 2016 | $310K | $352K | $1.2M | $37K | — | View 990 |
| 2015 | $109K | $113K | $1.2M | $52K | — | View 990 |
| 2015 | $356K | $346K | $1.2M | $59K | — | View 990 |
| 2014 | $390K | $326K | $1.3M | $87K | — | View 990 |
| 2013 | $257K | $315K | $1.2M | $81K | — | View 990 |
| 2012 | $245K | $260K | $1.2M | $35K | — | View 990 |
| 2011 | $190K | $226K | $1.2M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $253K, expenses of $357K, and assets of $820K (revenue +9.2% year-over-year).
- 2022: Revenue of $232K, expenses of $350K, and assets of $896K (revenue -39.2% year-over-year).
- 2021: Revenue of $381K, expenses of $291K, and assets of $1.0M (revenue +118.6% year-over-year).
- 2020: Revenue of $174K, expenses of $230K, and assets of $975K (revenue -24.8% year-over-year).
- 2019: Revenue of $232K, expenses of $272K, and assets of $987K (revenue -11.0% year-over-year).
- 2018: Revenue of $260K, expenses of $294K, and assets of $1.0M (revenue +10.0% year-over-year).
- 2017: Revenue of $237K, expenses of $330K, and assets of $1.1M (revenue -23.7% year-over-year).
- 2016: Revenue of $310K, expenses of $352K, and assets of $1.2M (revenue +185.5% year-over-year).
- 2015: Revenue of $109K, expenses of $113K, and assets of $1.2M (revenue -69.5% year-over-year).
- 2015: Revenue of $356K, expenses of $346K, and assets of $1.2M (revenue -8.5% year-over-year).
- 2014: Revenue of $390K, expenses of $326K, and assets of $1.3M (revenue +51.5% year-over-year).
- 2013: Revenue of $257K, expenses of $315K, and assets of $1.2M (revenue +5.1% year-over-year).
- 2012: Revenue of $245K, expenses of $260K, and assets of $1.2M (revenue +28.8% year-over-year).
- 2011: Revenue of $190K, expenses of $226K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilmington Youth Rowing Association:
Data Sources and Methodology
This transparency report for Wilmington Youth 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.