Friends of Olympia Station Inc

Analysis

Friends of Olympia Station Inc is a registered charity in United States, based in Felton, CA. It received its IRS tax-exemption ruling in May 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Olympia Station Inc reported income of $449k and spending of $289k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $370k to $449k (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 73% 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 Olympia Station Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Brasil Brasil Cultural Center ($449k), Hola Carolina ($449k) and Cape Fox Cultural Foundation Inc ($449k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $98k (34% of expenses). Other salaries and wages came to $42k. At year end it held assets of $560k against liabilities of $278, net assets of $560k. It reported 14 employees.