Friends of Bowers Farm Corporation

Analysis

Friends of Bowers Farm Corporation is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Bowers Farm Corporation reported income of $115k and spending of $39k, leaving 66% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $432k to $115k (-73%), an average of -73% a year. The sharpest change came in the year to June 2024, when income dropped by 73%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Bowers Farm Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Indianapolis Tennis and Education Foundation Inc ($115k), Marcus High School Baseball Boosters Club Inc ($115k) and Camp Caleb Christian Association an D Conference Center Inc ($115k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.