Miami Rowing & Watersports Center is a 501(c)(3) organization based in Miami, Florida, registered in 1998, with $619,684 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$620K
▲ 9.9% vs prior year
Recreation median: $129K
Expenses (FY2024)
$618K
Net assets
$189K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Miami Rowing & Watersports Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Miami Rowing & Watersports Center: 4 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Miami Rowing & Watersports Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Miami Rowing & Watersports Center: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $478K (FY2013) to $620K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$276K
Total liabilities
$87K
Net assets
$189K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $619,684▲9.9% | $617,864▲15.0% | $189,421▲1.0% | $275,970▲38.4% | 990 |
| 2023 | $564,083▲2.7% | $537,126▼3.4% | $187,601▲16.8% | $199,450▼8.0% | 990 |
| 2022 | $549,390▲16.1% | $556,093▲4.3% | $160,645▼4.0% | $216,736▲11.6% | 990 |
| 2021 | $473,110▲4.9% | $533,373▲12.2% | $167,348▼26.5% | $194,215▼24.7% | 990 |
| 2020 | $450,908▼5.9% | $475,306▲8.7% | $227,611▼9.7% | $258,087▼2.6% | 990 |
| 2019 | $479,191▲17.7% | $437,300▼2.0% | $252,009▲19.9% | $265,000▲16.1% | 990 |
| 2018 | $407,280▼18.9% | $446,451▼9.0% | $210,118▼15.7% | $228,286▼20.2% | 990 |
| 2017 | $502,329▲2.1% | $490,447▲2.2% | $249,289▲5.0% | $285,908▲7.2% | 990 |
| 2016 | $492,223▼8.6% | $479,801▼1.6% | $237,407▲5.5% | $266,618▲14.9% | 990 |
| 2015 | $538,416▲11.2% | $487,761▲8.8% | $224,985▲29.1% | $232,071▲32.5% | 990 |
| 2014 | $484,304▲1.3% | $448,371▼12.7% | $174,330▲26.0% | $175,192▲8.9% | 990 |
| 2013 | $478,217 | $513,534▼17.5% | $138,397▲115% | $160,823▲78.8% | 990 |
| 2010 | — | $622,663 | $64,302 | $89,970 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to Miami Rowing & Watersports Center totaling $56K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mightycause Charitable Foundation | Unrestricted | 2024 | $21,738 |
| Mightycause Charitable Foundation | Unrestricted | 2023 | $19,028 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,000 |
| Paypal Charitable Giving Fund | General support | 2022 | $5,567 |
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Data for Miami Rowing & Watersports Center (EIN 59-1952997) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.