Friends of FM 90

Analysis

Friends of FM 90 is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in May 1977, 49 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 June 2023, Friends of FM 90 reported income of $452k and spending of $312k, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $184k to $452k (+146%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 141%. Over the whole period it spent 77% 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 FM 90 sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Gospel Music Hymn Sing Foundation Incorporated ($452k), Twin Cities Gay Mens Chorus ($452k) and Lovejoy Fine Arts Inc ($452k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.