Friends of the Lost River Inc

Analysis

Friends of the Lost River Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of the Lost River Inc reported income of $3.0m and spending of $1.7m, leaving 43% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.7m to $3.0m (+77%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 141%. Over the whole period it spent 69% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Lost River Inc 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 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Bainbridge Island Land Trust ($3.0m), Israel Nature and Heritage Foundation of America Inc ($3.0m) and Southeast Energy Efficiencyalliance Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $135k (7.9% of expenses). Other salaries and wages came to $680k. At year end it held assets of $10.3m against liabilities of $1.7m, net assets of $8.5m. It reported 56 employees.