Friends of South High Foundation Inc

Analysis

Friends of South High Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of South High Foundation Inc reported income of $365k and spending of $416k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $277k to $365k (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 94%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of South High Foundation Inc 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 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Lebanon High School Athletic Boosters Association ($365k), St Francois County Community Partnership ($365k) and Thoreau Community Center ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $36k. At year end it held assets of $2.6m against liabilities of $161k, net assets of $2.5m. It reported 2 employees.