Friends of the Community Growing Center Inc

Analysis

Friends of the Community Growing Center Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 the Community Growing Center Inc reported income of $60k and spending of $41k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $60k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Community Growing Center Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Inspired Nation Inc ($60k), Bangladesh Unity Federation of Los Angeles-Bufla ($60k) and Continuum Culture & Arts Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $50k against liabilities of $15, net assets of $50k.