Friends Of The Riverwalk Inc
Friends Of The Riverwalk Inc maintains stable finances with no reported officer compensation.
EIN: 203146250 · Tampa, FL · NTEE: N113 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $408K |
| Program Spending | 85% |
| Net Assets | $798K |
| Transparency Score | 88/100 |
Is Friends Of The Riverwalk Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Riverwalk Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Riverwalk Inc
Friends Of The Riverwalk Inc (EIN: 203146250) is a nonprofit organization based in Tampa, FL, classified under NTEE code N113. The organization reported total revenue of $1.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Riverwalk Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Riverwalk Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $383K |
| Total Expenses | $408K |
| Surplus / Deficit | $-24,984 |
| Total Assets | $968K |
| Total Liabilities | $170K |
| Net Assets | $798K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 28.5 months |
Financial Health Grade: B
In 2023, Friends Of The Riverwalk Inc reported a deficit of $25K with expenses exceeding revenue, holds 28.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Riverwalk Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | +9.7% | -4.1% |
| 2022 | +85.9% | +62.6% | +14.5% |
| 2021 | +66.0% | +8.0% | +4.4% |
| 2020 | -51.8% | +0.6% | -4.4% |
| 2019 | -7.4% | -1.4% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The Riverwalk Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of The Riverwalk Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Friends Of The Riverwalk Inc:
- Consistent 0% officer compensation, indicating high efficiency.
- Steady growth in assets over the past decade.
- Manageable liabilities relative to assets.
- Positive revenue trend in recent years, demonstrating fundraising capacity.
Frequently Asked Questions about Friends Of The Riverwalk Inc
Is Friends Of The Riverwalk Inc a legitimate charity?
Friends Of The Riverwalk Inc (EIN: 203146250) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Friends Of The Riverwalk Inc spend its money?
Friends Of The Riverwalk Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Riverwalk Inc tax-deductible?
Friends Of The Riverwalk Inc is registered as a tax-exempt nonprofit (EIN: 203146250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Riverwalk Inc's spending goes to programs?
Friends Of The Riverwalk Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Riverwalk Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Friends Of The Riverwalk Inc is above average for NTEE category N113 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Riverwalk Inc located?
Friends Of The Riverwalk Inc is headquartered in Tampa, Florida and files with the IRS under EIN 203146250. It is classified under NTEE code N113.
How many years of IRS 990 filings does Friends Of The Riverwalk Inc have?
Friends Of The Riverwalk Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is Friends Of The Riverwalk Inc a good charity?
Based on the available financial data, Friends Of The Riverwalk Inc appears to be a well-managed charity. They have consistently grown their assets, maintained manageable liabilities, and notably report 0% officer compensation, suggesting a strong commitment to directing funds towards their mission.
How has the organization's revenue trended over time?
Revenue has fluctuated year-to-year, but generally shows an upward trend from $144,642 in 2020 to $383,218 in 2023, with a peak of $446,517 in 2022. This indicates a growing capacity to attract funding.
What is the organization's asset growth like?
Friends Of The Riverwalk Inc has shown consistent asset growth, increasing from $640,046 in 2014 to $968,038 in 2023, demonstrating a healthy accumulation of resources over time.
Filing History
IRS 990 filing history for Friends Of The Riverwalk Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Riverwalk Inc's revenue has grown by 588.5%, moving from $56K to $383K. Total assets increased by 40.1% over the same period, from $691K to $968K. Total functional expenses fell by 41%, from $692K to $408K. In its most recent filing year (2023), Friends Of The Riverwalk Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $170K in liabilities against $968K in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $798K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $383K | $408K | $968K | $170K | — | View 990 |
| 2022 | $447K | $372K | $1.0M | $192K | — | View 990 |
| 2021 | $240K | $229K | $882K | $101K | — | View 990 |
| 2020 | $145K | $212K | $845K | $75K | — | View 990 |
| 2019 | $300K | $211K | $883K | $47K | — | View 990 |
| 2018 | $324K | $214K | $795K | $48K | — | View 990 |
| 2017 | $179K | $195K | $821K | $50K | — | View 990 |
| 2016 | $191K | $137K | $798K | $12K | — | View 990 |
| 2015 | $328K | $242K | $751K | $24K | — | View 990 |
| 2014 | $324K | $258K | $640K | $0 | — | View 990 |
| 2013 | $313K | $169K | $574K | $0 | — | View 990 |
| 2012 | $337K | $352K | $677K | $0 | — | View 990 |
| 2011 | $56K | $692K | $691K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $383K, expenses of $408K, and assets of $968K (revenue -14.2% year-over-year).
- 2022: Revenue of $447K, expenses of $372K, and assets of $1.0M (revenue +85.9% year-over-year).
- 2021: Revenue of $240K, expenses of $229K, and assets of $882K (revenue +66.0% year-over-year).
- 2020: Revenue of $145K, expenses of $212K, and assets of $845K (revenue -51.8% year-over-year).
- 2019: Revenue of $300K, expenses of $211K, and assets of $883K (revenue -7.4% year-over-year).
- 2018: Revenue of $324K, expenses of $214K, and assets of $795K (revenue +81.0% year-over-year).
- 2017: Revenue of $179K, expenses of $195K, and assets of $821K (revenue -6.1% year-over-year).
- 2016: Revenue of $191K, expenses of $137K, and assets of $798K (revenue -41.9% year-over-year).
- 2015: Revenue of $328K, expenses of $242K, and assets of $751K (revenue +1.2% year-over-year).
- 2014: Revenue of $324K, expenses of $258K, and assets of $640K (revenue +3.6% year-over-year).
- 2013: Revenue of $313K, expenses of $169K, and assets of $574K (revenue -7.2% year-over-year).
- 2012: Revenue of $337K, expenses of $352K, and assets of $677K (revenue +506.1% year-over-year).
- 2011: Revenue of $56K, expenses of $692K, and assets of $691K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Riverwalk Inc:
Data Sources and Methodology
This transparency report for Friends Of The Riverwalk Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.