Friends of the M

Analysis

Friends of the M is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in July 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the M reported income of $134k and spending of $115k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $720k to $134k (-81%), an average of -34% a year. The sharpest change came in the year to June 2021, when income dropped by 63%. Over the whole period it spent 36% 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 the M sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Canterbury Choral Society Inc ($134k), Cuba Friends of Architecture Inc ($134k) and Scottish Heritage U S a Inc ($134k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $5.0m against liabilities of $2.0m, net assets of $3.0m.