Friends of John Coltrane

Analysis

Friends of John Coltrane is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in July 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 June 2023, Friends of John Coltrane reported income of $594k and spending of $1.1m, spending 185% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $494k to $594k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 363%. Over the whole period it spent 80% 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 John Coltrane sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Kingston Midtown Arts District ($594k), Davis Community Television ($594k) and Bucks County Herald Foundation ($594k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. At year end it held assets of $509k against liabilities of $0, net assets of $509k.