Friends of Rock Valley

Analysis

Friends of Rock Valley is a registered charity in United States, based in Rock Valley, IA. It received its IRS tax-exemption ruling in July 2001, 25 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 Rock Valley reported income of $639k and spending of $671, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6,508 to $639k (+9725%), an average of +215% a year. The sharpest change came in the year to December 2020, when income rose by 2566%. Over the whole period it spent 32% 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 Rock Valley sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Foundation for Body Mind & Spirit ($639k), Atlanta Board of Realtors Educational Foundation Inc ($639k) and Latinos En Spokane ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.