Friends of the Riverwalk Inc

Analysis

Friends of the Riverwalk Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of the Riverwalk Inc reported income of $383k and spending of $408k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $300k to $383k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2022, when income rose by 86%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Riverwalk Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Potomac Speedskating Club Inc ($383k), River City Inclusive Gymnastics Inc ($383k) and Wgva Chaos Volleyball Inc ($383k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $244k. At year end it held assets of $968k against liabilities of $170k, net assets of $798k. It reported 2 employees.