Friends of SW 9th

Analysis

Friends of SW 9th is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 SW 9th reported income of $115k and spending of $216k, spending 187% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $115k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of SW 9th sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within IA. Charities of a similar size with the same main cause include Batesville Main Street Inc ($115k), Big Bend Vernon Lions Club Inc ($115k) and Durand Charm NFP ($115k).

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 $134k against liabilities of $0, net assets of $134k.