Friends of the Rivers Inc

Analysis

Friends of the Rivers Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Rivers Inc reported income of $118k and spending of $143k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $199k to $118k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Rivers Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within IN. Charities of a similar size with the same main cause include Asbestos Workers Local No 42 Apprenticeship Training Fund ($118k), Brown Community Development Corporation ($119k) and Istart Valley Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $770k against liabilities of $0, net assets of $770k.