Friends of the Auditorium

Analysis

Friends of the Auditorium is a registered charity in United States, based in Oskaloosa, IA. It received its IRS tax-exemption ruling in December 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 August 2023, Friends of the Auditorium reported income of $250k and spending of $237k, spending 95% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $213k to $250k (+17%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 17%. Over the whole period it spent 95% 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 Auditorium 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 58th percentile, and in the 60th percentile within IA. Charities of a similar size with the same main cause include Multicultural Music Group Inc ($250k), American Association for the History of Medicine Inc ($250k) and Radio Free Georgia Broadcasting Foundation Inc ($250k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $136k. At year end it held assets of $56k against liabilities of $24k, net assets of $32k. It reported 6 employees.