Friends of Deepwood

Analysis

Friends of Deepwood is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 2024, Friends of Deepwood reported income of $258k and spending of $246k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $157k to $258k (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Deepwood sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OR. Charities of a similar size with the same main cause include Little League Baseball Inc ($258k), Montgomery County Historical Society ($258k) and Two Hundred Club of Morris County ($258k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $57k (23% of expenses). Other salaries and wages came to $73k. At year end it held assets of $437k against liabilities of $133k, net assets of $304k. It reported 3 employees.