Friends Of@hynes

Analysis

Friends Of@hynes is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends Of@hynes reported income of $1.2m and spending of $42k, leaving 97% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $325k to $1.2m (+285%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 117%. Over the whole period it spent 3.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Of@hynes sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Boys Latin Foundation ($1.2m), Lincoln Nursery School Inc ($1.3m) and Olean Public Library ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.2m against liabilities of $807k, net assets of $2.4m.