Friends of the Rio Grande Valley Reef

Analysis

Friends of the Rio Grande Valley Reef is a registered charity in United States, based in Pharr, TX. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Friends of the Rio Grande Valley Reef reported income of $1.2m and spending of $581k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $284k to $1.2m (+320%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 428%. Over the whole period it spent 90% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of the Rio Grande Valley Reef sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include United States War Dogs Association Inc ($1.2m), Priderock Wildlife Refuge ($1.2m) and Elmbrook Humane Society Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $219k (38% of expenses). At year end it held assets of $751k against liabilities of $0, net assets of $751k.