Friends of Southfield Public Arts

Analysis

Friends of Southfield Public Arts is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in December 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 June 2024, Friends of Southfield Public Arts reported income of $235k and spending of $284k, spending 121% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $213k to $235k (+10%), an average of +10% a year. Over the whole period it spent 79% 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 Southfield Public Arts sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Apollo Chorus of Chicago ($235k), York Art Association Inc ($235k) and Oye Palaver Hut Inc ($235k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.2% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.