Friends of Rhode Island Avenue Ne

Analysis

Friends of Rhode Island Avenue Ne is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2014, 12 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 September 2023, Friends of Rhode Island Avenue Ne reported income of $705k and spending of $691k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $853k to $705k (-17%), an average of -4.7% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 97% 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 Rhode Island Avenue Ne sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include American Legion Auxiliary Foundation Inc ($705k), Club of Hearts Inc ($705k) and Louisiana Green Corps ($704k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (17% of expenses). Other salaries and wages came to $30k. At year end it held assets of $185k against liabilities of $35k, net assets of $151k. It reported 4 employees.