Cave Spring Recreation Foundation Inc

Analysis

Cave Spring Recreation Foundation Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1960, 66 years ago. 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 2023, Cave Spring Recreation Foundation Inc reported income of $59k and spending of $68k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $50k to $59k (+19%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cave Spring Recreation Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include The Brea Education Foundation ($59k), Clinton Historical Society Inc ($59k) and Iglesia Roca de Salvacion Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.