Friends of the East Broad Top Inc

Analysis

Friends of the East Broad Top Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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 the East Broad Top Inc reported income of $468k and spending of $299k, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $89k to $468k (+427%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the East Broad Top Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Otter Tail County Historical Society ($468k), East Georgia State College Foundation of Georgia Southern Uni ($468k) and Living Arts of Tulsa Incorporated ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 5.7% of the total. At year end it held assets of $1.3m against liabilities of $2,110, net assets of $1.3m.