Friends of Turneffe Atoll Inc

Analysis

Friends of Turneffe Atoll Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover science and technology, 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 Turneffe Atoll Inc reported income of $281k and spending of $136k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $131k to $281k (+114%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 65% 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 Turneffe Atoll Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MT. Charities of a similar size with the same main cause include Collide Theatrical Dance Company ($281k), Blue Deer Center ($281k) and Mad Cow Theatre Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $989k, net assets of $502k.