FRVBC Foundation

Analysis

FRVBC Foundation is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, FRVBC Foundation reported income of $357k and spending of $514k, spending 144% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income fell from $1.8m to $357k (-80%), an average of -27% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FRVBC Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Massapequa Coast Little League Inc ($357k), Shekinah Ranch of the Mon Valley ($357k) and Arizona Dressage Association ($357k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 16% of the total. Compensation of current officers, directors and key employees was $135k (26% of expenses). Other salaries and wages came to $123k. At year end it held assets of $21k against liabilities of $97k, net assets of -$76k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.