Friends of Recreation Inc

Analysis

Friends of Recreation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Friends of Recreation Inc reported income of $294k and spending of $66k, leaving 77% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $67k to $294k (+335%), an average of +44% a year. The sharpest change came in the year to September 2020, when income rose by 592%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Recreation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Shaare Tevuna Inc ($294k), Nvyll Inc ($294k) and Trec International ($294k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $994k against liabilities of $19k, net assets of $975k.