Friends of the Finland Community

Analysis

Friends of the Finland Community is a registered charity in United States, based in Finland, MN. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 the Finland Community reported income of $400k and spending of $421k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $400k (+93%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Finland Community sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Rural Transit Service Inc ($400k), School Connect ($400k) and Charleston Electrical Training Alliance ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $42k (10.0% of expenses). Other salaries and wages came to $142k. At year end it held assets of $340k against liabilities of $7,887, net assets of $333k. It reported 31 employees.