Friends of Four Star Inc

Analysis

Friends of Four Star Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Four Star Inc reported income of $145k and spending of $151k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $145k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Four Star Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Westwood Works Inc ($144k), Foundation for Engineering Education Inc ($145k) and National Council of Jewish Women Incorporated ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $367k against liabilities of $360k, net assets of $6,878.