Friday After 5 Incorporated

Analysis

Friday After 5 Incorporated is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in April 2006, 20 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, Friday After 5 Incorporated reported income of $181k and spending of $190k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $159k to $181k (+14%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friday After 5 Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within KY. Charities of a similar size with the same main cause include Quest Center for Art & Community Development Inc ($181k), Heffter Research Institute ($181k) and Muskegon Polish Festival Inc ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.