Friends of Ufm Inc

Analysis

Friends of Ufm Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Ufm Inc reported income of $521k and spending of $606k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $521k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Ufm Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include The Dee Howard Foundation ($521k), Expensify Org ($522k) and United Way of Northeast Kentucky ($521k).

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 $72k against liabilities of $50k, net assets of $22k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.