Friends of Anacostia Park

Analysis

Friends of Anacostia Park is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2021, 5 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 (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 Anacostia Park reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $755k to $1.1m (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 92% 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 Anacostia Park sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Taste of the South Committee ($1.1m), Omega Life Membership Foundation Inc ($1.1m) and Arkansas Association of Correctional Employees TR ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $178k (16% of expenses). Other salaries and wages came to $422k. It paid $111 in professional fundraising fees. At year end it held assets of $204k against liabilities of $43k, net assets of $161k.