Friends of Clermont

Analysis

Friends of Clermont is a registered charity in United States, based in Germantown, NY. It received its IRS tax-exemption ruling in August 1978, 48 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 March 2023, Friends of Clermont reported income of $219k and spending of $315k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to March 2023, income fell from $340k to $219k (-36%), an average of -10% a year. The sharpest change came in the year to March 2022, when income rose by 190%. Over the whole period it spent 99% 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 Clermont sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Public Assistants Inc ($219k), Cinestory Inc ($219k) and Bay Area Educational Theater Company ($219k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 35% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $80k (25% of expenses). Other salaries and wages came to $42k. At year end it held assets of $4.0m against liabilities of $2,310, net assets of $4.0m. It reported 3 employees.