Friends of Community Radio

Analysis

Friends of Community Radio is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in February 2010, 16 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 Community Radio reported income of $237k and spending of $244k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $237k (+0.8%), an average of +0.8% a year. Over the whole period it spent 96% 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 Community Radio sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Upper Valley Baroque and Early Music Collegium ($237k), Random Acts of Silliness ($237k) and Aequalis Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $57k (23% of expenses). Other salaries and wages came to $61k. At year end it held assets of $202k against liabilities of $69k, net assets of $133k. It reported 3 employees.