Friends of Boone County Arboretum Inc

Analysis

Friends of Boone County Arboretum Inc is a registered charity in United States, based in Union, KY. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Boone County Arboretum Inc reported income of $129k and spending of $103k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $129k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Boone County Arboretum 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 44th percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include Calvert Optimist Community Parks Foundation Inc ($129k), Medfield Youth Lacrosse Inc ($129k) and Blade Junior Golf Classic ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 12% of the total. At year end it held assets of $225k against liabilities of $6,446, net assets of $218k.