Florida · Nonprofit
Friends of Recreation Inc
Friends of Recreation Inc (Florida) receives grants from 23 organizations whose IRS filings report $2,656,579 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($901,000). 11 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $342k
- Funders on record
- 23
- Grants received
- $2.7M
- Net assets
- $1.4M
What Friends of Recreation Inc does
Mission
To enhance and support the public recreational programs and facilities in the Town of Palm Beach, promoting community engagement and wellbeing.
As stated on its FY2024 Form 990.
Program
The Friends of Recreation is dedicated to supporting early childhood development through access to quality educational and recreational programs. We underwrite specific facility or program enhancement projects annually, adding features like shade structures, lighting, and technology support. Additionally, we have provided sustained scholarship funding of over $10,000 annually to Camp Palm Beach since 2021, specifically to benefit the children of Town employees. This investment reflects our belief in the long-term value of early enrichment programs, which play a critical role in academic readiness, social development, and community well being.
$24,018 spentof which $24,018 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $24,018.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $3.2M to $555k (−83%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
91% of Friends of Recreation Inc’s revenue is contributions — more donation-reliant than the typical peer (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Matthew Smith
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 6 funders, grant income rose $132k → $242k.
7 of 23 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 54% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $125k from one payer (the payer shares this organization's board, largest The Community Foundation Inc). These are real filings, and they are not money Friends of Recreation Inc raised.
From the IRS filings of Friends of Recreation Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Friends of Recreation Inc leans on a few funders — its largest provides 34% of grant income and the top three 60%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
54% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Friends of Recreation Inc.
Largest funder’s share by year: 2017 83% · 2018 64% · 2019 41% · 2020 53% · 2021 62% · 2022 45% · 2023 48% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
24% of Friends of Recreation Inc's funders are still giving 3 years after their first grant; 48% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
54% of Friends of Recreation Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.2M that is directly attributable, 71% of it comes from Florida funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.4M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Friends of Recreation Inc runs a healthier operating margin than three-quarters of the 7,117 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 7,117 philanthropy nonprofits $100k–$1M, FY2024
Organizations like Friends of Recreation Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Florida
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
62% of spending goes to programs.
Governance
Public support
63%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Friends of Recreation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Friends of Recreation Inc?
- Friends of Recreation Inc (Florida) receives grants from 23 organizations whose IRS filings report $2,656,579 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($901,000). 11 of them have funded it in more than one year, and 54% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does Friends of Recreation Inc have?
- IRS filings report 23 organizations giving $2,656,579 in grants to Friends of Recreation Inc, 11 of which have funded it in more than one year.
- Who is the largest funder of Friends of Recreation Inc?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $901,000 in grants. The full list of funders is on this page.
- How can an organization like Friends of Recreation Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 23 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing