Friends of Moorefields

Analysis

Friends of Moorefields is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Friends of Moorefields reported income of $63k and spending of $102k, spending 163% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $63k (-94%), an average of -94% a year. The sharpest change came in the year to December 2023, when income dropped by 94%. Over the whole period it spent 14% 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 Moorefields sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include 1761 Arts Inc ($63k), Liederkranz Dancers and Kulture Gruppe ($63k) and Danish Heritage Preservation Society of Danevang Inc ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $10k (10% of expenses). At year end it held assets of $919k against liabilities of $0, net assets of $919k.