Friends of Fort Macon Inc

Analysis

Friends of Fort Macon Inc is a registered charity in United States, based in Atlantic BCH, NC. It received its IRS tax-exemption ruling in January 1994, 32 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 Fort Macon Inc reported income of $107k and spending of $97k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $107k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Fort Macon Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Wolverine Athletic Booster Club Inc ($107k), United Fund of Fairmont Inc ($107k) and Clemson University Flying Club Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.