Friends of Townie Athletics

Analysis

Friends of Townie Athletics is a registered charity in United States, based in Rumford, RI. It received its IRS tax-exemption ruling in August 2009, 17 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 December 2023, Friends of Townie Athletics reported income of $156k and spending of $147k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $156k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 88% 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 Townie Athletics sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include Midwest Suburban League Inc ($156k), Pittston Fair ($156k) and Three Rivers Little League Baseball ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.