Friends of St Nicholas

Analysis

Friends of St Nicholas is a registered charity in United States, based in Carver, MN. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of St Nicholas reported income of $126k and spending of $36k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $126k (+4.6%), an average of +4.6% a year. Over the whole period it spent 25% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of St Nicholas sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Worshipcity Ministries ($126k), Sozo Ministries Inc ($126k) and Dieu de Buddhist Association NW FL ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. At year end it held assets of $601k against liabilities of $0, net assets of $601k.