Friends of Vintage Magnet

Analysis

Friends of Vintage Magnet is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Vintage Magnet reported income of $89k and spending of $75k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $89k (+5.8%), an average of +5.8% a year. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Vintage Magnet sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Bluff Creek Elementary School PTO ($89k), Federacion de Clubes Unidos Zacatecanos En Illinois ($89k) and McAuliffe Choir Boosters ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.