Friends of Fourth Ward Inc

Analysis

Friends of Fourth Ward Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2024, Friends of Fourth Ward Inc reported income of $107k and spending of $72k, leaving 33% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $84k to $107k (+27%), an average of +13% a year. The sharpest change came in the year to August 2023, when income rose by 24%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Fourth Ward Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Mission Starfish Haiti ($107k), Endeavour Elementary Ptsa ($107k) and Association of College Honor Societies ($106k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 26% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.