Friends of Historic Kingston

Analysis

Friends of Historic Kingston is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in February 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Friends of Historic Kingston reported income of $152k and spending of $131k, spending 86% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $145k to $152k (+4.3%), an average of +1.4% a year. The sharpest change came in the year to March 2022, when income rose by 29%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Historic Kingston sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include North American Assoc of Summer Sessions ($152k), Friends of the St Charles City County Library ($152k) and Beta Sigma Psi Educational Foundation ($152k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 89% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $54k (41% of expenses). Other salaries and wages came to $5,487. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 2 employees.