Friends of the State Street Family Inc

Analysis

Friends of the State Street Family Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 State Street Family Inc reported income of $91k and spending of $11k, leaving 88% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $161k to $91k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the State Street Family Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within WI. Charities of a similar size with the same main cause include Lancaster County Project for the Needy ($91k), Conroe Bargain Box Inc ($91k) and One Life to Give ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.