Friends of the Castle

Analysis

Friends of the Castle is a registered charity in United States, based in Centerville, OH. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Castle reported income of $386k and spending of $243k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $386k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Castle sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Wesley at Jonesboro Inc ($386k), Invasive Species Action Network ($386k) and San Mateo High School Foundation ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $58k (24% of expenses). Other salaries and wages came to $55k. At year end it held assets of $624k against liabilities of $123k, net assets of $502k. It reported 9 employees.