First Fridays at Five Inc

Analysis

First Fridays at Five Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, First Fridays at Five Inc reported income of $139k and spending of $130k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $139k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 534%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Fridays at Five Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Paul R Wharton Sr High School Athletic Booster Club Inc ($139k), Gilroy Garlic Festival Association Inc ($139k) and Pueblo Library Foundation ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.