Friends of Arts & Humanities Inc

Analysis

Friends of Arts & Humanities Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Friends of Arts & Humanities Inc reported income of $289k and spending of $369k, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $605k to $289k (-52%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Arts & Humanities Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Family Promise of Mid Michigan ($288k), Feed Our Rural Kids Inc ($289k) and Texas 20 ($288k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $162k. At year end it held assets of $647k against liabilities of $55k, net assets of $592k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.