Friends of the Mad River

Analysis

Friends of the Mad River is a registered charity in United States, based in Waitsfield, VT. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Friends of the Mad River reported income of $406k and spending of $411k, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $419k to $406k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to March 2024, when income rose by 107%. Over the whole period it spent 90% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Mad River sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 60th percentile within VT. Charities of a similar size with the same main cause include Torrey House Press ($406k), Franklin Parks Foundation ($406k) and Friends of the Bosque Del Apache ($406k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $54k. At year end it held assets of $526k against liabilities of $13k, net assets of $513k. It reported 3 employees.