Friends of Nobska Light Inc

Analysis

Friends of Nobska Light Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in April 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 Nobska Light Inc reported income of $556k and spending of $664k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $556k (-64%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 104% 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 Nobska Light Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Philadelphia Scenic Works ($556k), Rosemount Museum ($556k) and Carbon Removal Institute ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $54k. At year end it held assets of $341k against liabilities of $1,075, net assets of $340k. It reported 2 employees.