Friends of L & N Depot Inc

Analysis

Friends of L & N Depot Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in March 2004, 22 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 2023, Friends of L & N Depot Inc reported income of $983k and spending of $886k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $983k (+133%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 80% 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 L & N Depot Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Reading in Motion ($983k), Bafb Cold War Museum ($983k) and Mindpop ($983k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $122k (14% of expenses). Other salaries and wages came to $172k. At year end it held assets of $1.4m against liabilities of $194k, net assets of $1.2m. It reported 12 employees.