Friends of Weymouth Inc

Analysis

Friends of Weymouth Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in August 1977, 49 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 June 2023, Friends of Weymouth Inc reported income of $697k and spending of $641k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $402k to $697k (+73%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 132%. Over the whole period it spent 86% 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 Weymouth Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Asian Pacific Islander Legislative Caucus Foundation ($697k), Young Musicians Choral Orchestra ($697k) and Brenham Heritage Museum Inc ($697k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $105k (16% of expenses). Other salaries and wages came to $160k. At year end it held assets of $928k against liabilities of $97k, net assets of $830k. It reported 7 employees.