Friends of Riverside Park Inc

Analysis

Friends of Riverside Park Inc is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in September 2021, 5 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 June 2023, Friends of Riverside Park Inc reported income of $196k and spending of $270k, spending 138% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $222k to $196k (-12%), an average of -12% a year. Over the whole period it spent 78% 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 Riverside Park Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($196k), State College Association of University Women Inc ($196k) and American Society of Heating Refrigerating & A-C Engineers ($196k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.