Friends of the Rail Park

Analysis

Friends of the Rail Park is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2011, 15 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 December 2023, Friends of the Rail Park reported income of $480k and spending of $523k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $149k to $480k (+222%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 263%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Rail Park sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Truckee Trails Foundation ($480k), Center for Climate Strategies ($480k) and Friends of Guana Tolomato Matanzas National Estuarine Research Reserv ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $110k (21% of expenses). Other salaries and wages came to $133k. At year end it held assets of $845k against liabilities of $45k, net assets of $800k. It reported 5 employees.