Friends of the Bonnie Kate Inc

Analysis

Friends of the Bonnie Kate Inc is a registered charity in United States, based in Elizabethton, TN. It received its IRS tax-exemption ruling in February 2019, 7 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 2023, Friends of the Bonnie Kate Inc reported income of $199k and spending of $126k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $297k to $199k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 45% 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 the Bonnie Kate Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Oakley Valley Arts Council Inc ($199k), Visionaries Inc ($199k) and Sudbury Historical Society Inc ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 23% of the total. At year end it held assets of $310k against liabilities of $889, net assets of $309k.