Friction Performing Arts

Analysis

Friction Performing Arts is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in October 2020, 6 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 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 2023, Friction Performing Arts reported income of $94k and spending of $85k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $140k to $94k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friction Performing Arts sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Orange County Model Engineers ($94k), Constantine Theater Inc ($94k) and Historic Medley District Inc ($94k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.