Friends of the Bing

Analysis

Friends of the Bing is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 2013, 13 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 June 2023, Friends of the Bing reported income of $567k and spending of $429k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $409k to $567k (+39%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Bing sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Great Plains Assistance Dogs Foundation ($567k), Tidal Waves Girls Fastpitch ($567k) and The International Society for Ecology and Culture ($567k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $59k (14% of expenses). Other salaries and wages came to $136k. At year end it held assets of $339k against liabilities of $41k, net assets of $297k. It reported 31 employees.