Friends of Riverfront Inc

Analysis

Friends of Riverfront Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Riverfront Inc reported income of $74k and spending of $79k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $74k (+8.3%), an average of +8.3% a year. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Riverfront Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within WI. Charities of a similar size with the same main cause include National Council of Jewish Women Incorporated ($74k), Payette Lakes Progressive Club Inc ($74k) and Burlington Womans Club ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. At year end it held assets of $43k against liabilities of $659, net assets of $43k.