Finnish Center Association

Analysis

Finnish Center Association is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in November 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Finnish Center Association reported income of $190k and spending of $130k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $239k to $190k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Finnish Center Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include One Plympton Preservation Foundation Inc ($190k), Historic Columbus Foundation Endowment Fund ($190k) and New York African Chorus Ensemble Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $7,005 (5.4% of expenses). At year end it held assets of $558k against liabilities of $9,360, net assets of $549k.