Friends of River Valley

Analysis

Friends of River Valley is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 River Valley reported income of $269k and spending of $112k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $269k (+228%), an average of +228% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of River Valley sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Placement Solutions Inc ($269k), Candorful Inc ($269k) and Highland Community Builders Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.