Friends of the Thumb Octagon Barn

Analysis

Friends of the Thumb Octagon Barn is a registered charity in United States, based in Gagetown, MI. It received its IRS tax-exemption ruling in March 1998, 28 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 the Thumb Octagon Barn reported income of $114k and spending of $82k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $114k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 87% 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 Thumb Octagon Barn sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Plastics Hall of Fame Inc ($114k), Hobart Shakespeareans ($114k) and Fundacion Yo Te Amo Colorado ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 2.2% of the total. At year end it held assets of $959k against liabilities of $0, net assets of $959k.