Friends of Historic Breckenridge

Analysis

Friends of Historic Breckenridge is a registered charity in United States, based in Breckenridge, TX. It received its IRS tax-exemption ruling in April 1996, 30 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 December 2023, Friends of Historic Breckenridge reported income of $60k and spending of $117k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $60k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 571%. Over the whole period it spent 117% 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 Historic Breckenridge sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Rahma Islamic Center of Greater Houston Inc ($60k), Turkish & International Music Ensemble ($60k) and Savanna Historical Society NFP ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 1.2% of the total. At year end it held assets of $455k against liabilities of $0, net assets of $455k.