Friends of the Lower Appomattox River Inc

Analysis

Friends of the Lower Appomattox River Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in January 2005, 21 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 June 2023, Friends of the Lower Appomattox River Inc reported income of $1.4m and spending of $548k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $460k to $1.4m (+214%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 296%. Over the whole period it spent 46% 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 Lower Appomattox River 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 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Wright Locke Farm Conservancy Inc ($1.4m), Sme Foundation ($1.4m) and Wave Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.9m against liabilities of $7,879, net assets of $1.9m. It reported 4 employees.