Friends of Spare Parts

Analysis

Friends of Spare Parts is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 2018, 8 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 Spare Parts reported income of $113k and spending of $82k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $113k (+14%), an average of +14% a year. Over the whole period it spent 83% 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 Spare Parts sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Columbia County Youth Theatre Inc ($113k), Fort Myers Symphonic Chorus Inc ($113k) and Grand Island Childrens Museum Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. At year end it held assets of $56k against liabilities of $1,932, net assets of $54k.