Cedar River Recreation & Fine Arts

Analysis

Cedar River Recreation & Fine Arts is a registered charity in United States, based in Osage, IA. It received its IRS tax-exemption ruling in May 2011, 15 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 June 2023, Cedar River Recreation & Fine Arts reported income of $942k and spending of $1.5m, spending 154% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $939k to $942k (+0.3%), an average of +0.1% a year. Over the whole period it spent 127% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cedar River Recreation & Fine Arts sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Main Street Park Alliance ($942k), Glenview Youth Baseball Inc ($943k) and Bridge II Sports ($942k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $47k (3.3% of expenses). Other salaries and wages came to $369k. At year end it held assets of $10.7m against liabilities of $9,331, net assets of $10.7m. It reported 65 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.