Friends of the Majestic

Analysis

Friends of the Majestic is a registered charity in United States, based in Crested Butte, CO. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 Majestic reported income of $685k and spending of $705k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $466k to $685k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Majestic sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Nevada Land Trust ($685k), Lifelink Legacy Fund Inc ($685k) and G a Properties Inc ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $100k (14% of expenses). Other salaries and wages came to $70k. At year end it held assets of $206k against liabilities of $12k, net assets of $194k. It reported 16 employees.