Friends of American Song Archives Inc

Analysis

Friends of American Song Archives Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Friends of American Song Archives Inc reported income of $598k and spending of $836k, spending 140% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $5,517 to $598k (+10746%), an average of +377% a year. The sharpest change came in the year to December 2022, when income rose by 247993%. Over the whole period it spent 37% 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 American Song Archives Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Italian Cultural & Community Center of Houston ($598k), Anne Frank Center USA ($598k) and Sinaca Studios ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.3m against liabilities of $1.6m, net assets of $2.6m.