Friends of McMaster Incorporated

Analysis

Friends of McMaster Incorporated is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in September 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Friends of McMaster Incorporated reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2021, when income rose by 5582%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of McMaster Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile. Charities of a similar size with the same main cause include East Hampton Historical Society Inc ($1.1m), Education Foundation for Billings Public Schools ($1.1m) and Hitchcock Center for the Environment Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,264 against liabilities of $5,144, net assets of $1,120.