Friends of NW 10th Street

Analysis

Friends of NW 10th Street is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 NW 10th Street reported income of $144k and spending of $84k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $11k to $144k (+1178%), an average of +89% a year. The sharpest change came in the year to June 2021, when income rose by 268%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of NW 10th Street sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OK. Charities of a similar size with the same main cause include Mt Washington Valley Economic Council ($144k), Christian Community Service of North Reading Incorporated ($144k) and Northeast Pensacola Sertoma Club in C ($144k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.