Friends of Writers Inc

Analysis

Friends of Writers Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 Writers Inc reported income of $437k and spending of $260k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $437k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Writers Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 62nd percentile within VT. Charities of a similar size with the same main cause include Harriet Tubman Foundation for Safe Passage ($437k), Villa Maria Inc ($437k) and Smokey House Center ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 8.9% of the total. Other salaries and wages came to $15k. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m. It reported 1 employees.