Friends of the Chief Foundation

Analysis

Friends of the Chief Foundation is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in November 2011, 15 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 2022, Friends of the Chief Foundation reported income of $127k and spending of $211k, spending 166% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $364k to $127k (-65%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 105% 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 the Chief Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Outsiders House Museum Association ($127k), Westborough Connects Inc ($127k) and Prostate Cancer Awareness of Central Iowa ($127k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $82k (39% of expenses). At year end it held assets of $80k against liabilities of $2,627, net assets of $77k. It reported 3 employees.