Friends of Tubman

Analysis

Friends of Tubman is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Tubman reported income of $115k and spending of $228k, spending 199% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $155k to $115k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Tubman sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Connecticut Starters ($115k), Community Foundation of San Sabacounty Inc ($115k) and Notre Dame Club of Long Island Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.