Friends of Cleveland Bands

Analysis

Friends of Cleveland Bands is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2020, 6 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 2024, Friends of Cleveland Bands reported income of $57k and spending of $49k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $55k to $57k (+2.7%), an average of +2.7% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Cleveland Bands sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within OR. Charities of a similar size with the same main cause include Washington Science Teachers Association ($57k), Laroche Foundation ($57k) and Nor-Cal Retired Coaches Association ($57k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.