Friends of Southern Ohio

Analysis

Friends of Southern Ohio is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in August 2019, 7 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 (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 Southern Ohio reported income of $333k and spending of $175k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $437k to $333k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 84% 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 Southern Ohio sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Volunteer Center of East Central Wisconsin Inc ($333k), Concerned Communities for America Inc ($333k) and Junior League of Phoenix Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $80k (46% of expenses). At year end it held assets of $311k against liabilities of $8,071, net assets of $303k. It reported 2 employees.