Friends of the Verde River

Analysis

Friends of the Verde River is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Friends of the Verde River reported income of $1.5m and spending of $1.7m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $1.5m (+13%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Verde River sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Brian Muha Memorial Foundation Inc ($1.5m), Ohio County Community Foundation Inc ($1.5m) and Jewish Federation of Central New York Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $56k (3.2% of expenses). Other salaries and wages came to $549k. At year end it held assets of $1.1m against liabilities of $619k, net assets of $433k. It reported 14 employees.