Friends of the Groom Inc

Analysis

Friends of the Groom Inc is a registered charity in United States, based in Terrace Park, OH. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 the Groom Inc reported income of $98k and spending of $102k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $98k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Groom Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include David Brown International Ministries Inc ($98k), Inman Ministries Inc ($98k) and Living Faith Foundation ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $8,854 (8.7% of expenses). Other salaries and wages came to $51k. At year end it held assets of $57k against liabilities of $1,958, net assets of $55k. It reported 3 employees.