Friends of Reading Football 1

Analysis

Friends of Reading Football 1 is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Friends of Reading Football 1 reported income of $74k and spending of $81k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $74k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Reading Football 1 sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include American Youth Football Inc ($74k), Fayetteville-Manlius Crewsters Inc ($74k) and Delaware Football League ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.