Charity Search / SAINT IGNATIUS CHICAGO ROWING INC
Recreation & Sports (N41Z) IRS Verified DX Registered 990 on File

SAINT IGNATIUS CHICAGO ROWING INC

EIN: 36-4182331 · CHICAGO, IL 60608-1531 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 94/100
Reliability (20%) 55/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

St. Ignatius Chicago Rowing, a 501c-3, not-for-profit organization administers a competitive rowing team for students at St. Ignatius College Prep. The team is composed of a diverse group of students from all over the Chicagoland area. Over the past few years, the team has performed at very competitive levels both across the Midwest and nationally. In the past few years, St Ignatius Chicago Rowing boats have earned a silver medal and other top ten finishes at the Scholastic National rowing championships, as well as strong showings at the Head of the Charles Regatta in Boston. We compete against, and frequently beat, teams that draw on bigger pools of talent and that are better funded (many of them with taxpayer dollars). In contrast, St Ignatius Chicago Rowing relies entirely on dues and private donations. It receives support neither from St. Ignatius College Prep nor any government body nor foundation. The operating expenses of the team are paid for by the dues of the members’ families. Dues also go to support a scholarship program so that all St Ignatius students, regardless of parental income, can participate on the team. However, in order to buy new boats and other equipment, the team relies solely on the proceeds of the annual auction. While the team takes good care of its equipment, as old boats get obsolete, new boats must be purchased and they are very expensive. The students on crew learn athleticism, discipline and teamwork, and are very good at managing their time since their mornings begin at 5:00 am. They are a committed group of students and parents.

Financial Overview — FY 2024
$498K
Total Revenue
$424K
Total Expenses
$352K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 84.5%
Fundraising Efficiency 0.0%
Operating Reserve 9.96x
Liability-to-Asset 11.3%
Revenue Diversification 73.3%
Compared with Peers
FY 2024
Compared with 9,592 similar organizations (United States, Recreation & Sports, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
84.5% 94.9%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
15.5% 3.9%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
10.0 mo 6.4 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
11.3% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
73.3% 89.1%
P10P90
Above median
Revenue growth
Year over year revenue growth
71.7% 8.2%
P10P90
Expense growth
Year over year expense growth
32.0% 9.8%
P10P90
Surplus margin
Surplus as a share of revenue
14.9% 2.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $498K $424K $352K 84.5% 0
2023 $290K $321K $281K 84.6% 0
2022 $320K $288K $308K 82.9% 0
2021 $148K $125K N/A — 0
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Organization Details
EIN
36-4182331
State
IL
City
CHICAGO
ZIP
60608-1531
Classification
N41Z
Category
Recreation & Sports
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1996
Foundation Code
16
Form 990
On File
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