Rockaway Waterfront Alliance Inc

Analysis

Rockaway Waterfront Alliance Inc is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Rockaway Waterfront Alliance Inc reported income of $1.5m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $634k to $1.5m (+138%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 108% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Rockaway Waterfront Alliance Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Delaware Center for Horticulture Inc ($1.5m), The Paint Foundation ($1.5m) and Birds Georgia Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $110k (7.1% of expenses). Other salaries and wages came to $265k. At year end it held assets of $3.5m against liabilities of $591k, net assets of $2.9m. It reported 17 employees.