Friends of the Muni Inc

Analysis

Friends of the Muni Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Muni Inc reported income of $90k and spending of $49k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $463k to $90k (-81%), an average of -34% a year. The sharpest change came in the year to December 2021, when income dropped by 85%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Muni Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 40th percentile within SC. Charities of a similar size with the same main cause include David Cone Foundation Inc ($90k), NCSS Education Foundation Inc ($90k) and Love Repeated ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $469k against liabilities of $147, net assets of $469k.