Friends of Rsu5

Analysis

Friends of Rsu5 is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Friends of Rsu5 reported income of $83k and spending of $71k, spending 85% of its income. Across the 2 years on record, from June 2019 to June 2023, income fell from $104k to $83k (-20%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Rsu5 sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 25th percentile within ME. Charities of a similar size with the same main cause include Kentucky Association of Agriculture Educators Inc ($83k), Dover Parents Music Club Inc ($83k) and Kse Aa at Suny Delhi Inc ($83k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $131k against liabilities of $59k, net assets of $72k.