Friends of Norwegian Culture Inc

Analysis

Friends of Norwegian Culture Inc is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in February 1994, 32 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 Norwegian Culture Inc reported income of $168k and spending of $17k, leaving 90% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $140k to $168k (+20%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 38% 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 Norwegian Culture Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Harrington House Foundation ($168k), Ipalpiti Artists International Inc ($168k) and Campbell County Band Boosters ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $839k against liabilities of $0, net assets of $839k.