Friends of Fana Minnesota Inc

Analysis

Friends of Fana Minnesota Inc is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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 Fana Minnesota Inc reported income of $80k and spending of $106k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $80k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Fana Minnesota Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Genesee County Historical & Museum Society ($80k), PTA California Congress of Parents Teachers & Students Inc ($80k) and Community Ambulance Service of Preston Iowa ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.