Friends of New Troy

Analysis

Friends of New Troy is a registered charity in United States, based in New Troy, MI. It received its IRS tax-exemption ruling in July 2007, 19 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 September 2023, Friends of New Troy reported income of $63k and spending of $63k, spending 99% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $43k to $63k (+48%), an average of +48% a year. The sharpest change came in the year to September 2023, when income rose by 48%. Over the whole period it spent 93% 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 New Troy sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Stearman Restorers Association Inc ($63k), Frewsburg Rod & Gun Club Inc ($63k) and Norwalk Cal Ripken Inc ($63k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 13% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.