Friends of Rittenhouse Square

Analysis

Friends of Rittenhouse Square is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1977, 49 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 September 2023, Friends of Rittenhouse Square reported income of $800k and spending of $768k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $813k to $800k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to September 2022, when income rose by 73%. Over the whole period it spent 117% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Rittenhouse Square sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include The Pisgah Conservancy ($799k), Ol Jogi Community and Wildlife Foundation Inc ($800k) and New Mexico Environmental Law Center ($798k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $171k. At year end it held assets of $679k against liabilities of $32k, net assets of $646k. It reported 2 employees.