Friends of Hearthside Inc

Analysis

Friends of Hearthside Inc is a registered charity in United States, based in Lincoln, RI. It received its IRS tax-exemption ruling in August 2002, 24 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 Hearthside Inc reported income of $151k and spending of $138k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $227k to $151k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 82% 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 Hearthside Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include Fort Sam Military & Antique Vehicles Haskell County Museum ($151k), Cherokee Strip Regional Heritage Center Inc ($151k) and Historic Manitou Springs Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 36% of the total. At year end it held assets of $455k against liabilities of $298, net assets of $455k.