Friends of Early Music Inc

Analysis

Friends of Early Music Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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 2024, Friends of Early Music Inc reported income of $258k and spending of $211k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $610k to $258k (-58%), an average of -19% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Early Music Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Women Empowering Women for Indian Nations ($258k), Triangle Educational Advancement Foundation ($258k) and Vermillion Civic Council Inc ($258k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). Other salaries and wages came to $38k. At year end it held assets of $972k against liabilities of $1,000, net assets of $971k. It reported 4 employees.