Friends of the Friedrich Civic Center

Analysis

Friends of the Friedrich Civic Center is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in December 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Friedrich Civic Center reported income of $449k and spending of $17k, leaving 96% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $617k to $449k (-27%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 6.7% 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 Friedrich Civic Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include National Upper Cervical Chiropractic Association ($449k), Plumas County Arts Commission ($449k) and Hamazkayin Armenian Educational & Cultural Society Inc ($449k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.