Friends of Krytyka

Analysis

Friends of Krytyka is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in October 2022, 4 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 December 2023, Friends of Krytyka reported income of $144k and spending of $146k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $144k (+60%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 74% 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 Krytyka sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Harnett Regional Theatre Inc ($144k), Center for Indian Cultural Educational Bal Vihar of St Louis ($144k) and New England Repertory Orchestra Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. At year end it held assets of $98k against liabilities of $2,370, net assets of $96k.