Friends of Fort Fisher Incorporated

Analysis

Friends of Fort Fisher Incorporated is a registered charity in United States, based in Kure Beach, NC. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2023, Friends of Fort Fisher Incorporated reported income of $335k and spending of $686k, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $409k to $335k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income rose by 205%. Over the whole period it spent 113% 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 Fort Fisher Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Historic Rural Hill Inc ($335k), Texas Shakespeare Festival Foundation ($335k) and South Philadelphia String Band Inc ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $55k. At year end it held assets of $588k against liabilities of $83k, net assets of $505k. It reported 3 employees.