Friends of KSPS

Analysis

Friends of KSPS is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in February 1975, 51 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 August 2023, Friends of KSPS reported income of $6.5m and spending of $5.7m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.0m to $6.5m (+31%), an average of +6.9% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 86% 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 KSPS sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Kentucky Dance Council Inc ($6.5m), SC Thrive ($6.5m) and Lehigh Valley Public Telecommunications Corp ($6.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $165k (2.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $11.2m against liabilities of $2.9m, net assets of $8.3m. It reported 42 employees.