Friends of the Colorado River Foundation Inc

Analysis

Friends of the Colorado River Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 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 (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 2023, Friends of the Colorado River Foundation Inc reported income of $563k and spending of $563k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $592k to $563k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 91% 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 Colorado River Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include The Open Space Council for the St Louis Region ($563k), Protect Our Aquifer ($563k) and Newport Tree Conservancy ($562k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $125k (22% of expenses). Other salaries and wages came to $181k. At year end it held assets of $524k against liabilities of $23k, net assets of $501k. It reported 5 employees.