Friends of Franklin Park Arts Center

Analysis

Friends of Franklin Park Arts Center is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in September 2005, 21 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 June 2024, Friends of Franklin Park Arts Center reported income of $51k and spending of $48k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $46k to $51k (+9.9%), an average of +9.9% a year. Over the whole period it spent 100% 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 Franklin Park Arts Center sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Baltimore Shakespeare Factory Inc ($51k), Van Wert County Historical Society Inc ($51k) and Michigan League of Handweavers ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 52% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.