Friends of the Battleship North Carolina Inc

Analysis

Friends of the Battleship North Carolina Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of the Battleship North Carolina Inc reported income of $211k and spending of $104k, leaving 51% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $318k to $211k (-34%), an average of -9.8% a year. The sharpest change came in the year to September 2021, when income dropped by 36%. Over the whole period it spent 286% 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 the Battleship North Carolina Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Stockton Folk Dance Camp ($211k), Artworks Trenton Inc ($211k) and National Society of Colonial Dames in the State of New York ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $24k (23% of expenses). At year end it held assets of $885k against liabilities of $28k, net assets of $857k. It reported 1 employees.