Friends of the Norsk Inc

Analysis

Friends of the Norsk Inc is a registered charity in United States, based in Mount Horeb, WI. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Friends of the Norsk Inc reported income of $952k and spending of $883k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $788k to $952k (+21%), an average of +4.8% a year. Over the whole period it spent 89% 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 the Norsk Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Waltham Youth Hockey Association Inc ($952k), Space Needle Volleyball Foundation ($952k) and Collier Services Foundation Inc ($951k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Other salaries and wages came to $258k. At year end it held assets of $781k against liabilities of $108k, net assets of $673k. It reported 35 employees.