Friends of the Lone Soldier Inc

Analysis

Friends of the Lone Soldier Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 the Lone Soldier Inc reported income of $610k and spending of $153k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $264k to $610k (+131%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Lone Soldier Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Special Recreation Services Inc ($610k), Education Foundation of the Mason City Public Schools ($610k) and Darke County United Way Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $547k against liabilities of $0, net assets of $547k.