Friends of Freshpond Inc

Analysis

Friends of Freshpond Inc is a registered charity in United States, based in Middle VLG, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Freshpond Inc reported income of $52k and spending of $24k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $52k (-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 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Freshpond Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Mortar Board Inc ($52k), McCabe United Methodist Church Foundation ($52k) and Mendon Foundation Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 77% of the total. At year end it held assets of $116k against liabilities of $5,586, net assets of $110k.