Friends of Fayetteville Lincoln County Veterans

Analysis

Friends of Fayetteville Lincoln County Veterans is a registered charity in United States, based in Fayetteville, TN. It received its IRS tax-exemption ruling in March 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 Fayetteville Lincoln County Veterans reported income of $62k and spending of $45k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $62k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Fayetteville Lincoln County Veterans sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within TN. Charities of a similar size with the same main cause include PTA New York Congress ($62k), Morgantown Post 2 Baseball Inc ($62k) and Players Workshop Incorporated ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 1.3% of the total. At year end it held assets of $144k against liabilities of $377, net assets of $144k.