Friends of the Marengo Big Springs Old Town Church

Analysis

Friends of the Marengo Big Springs Old Town Church is a registered charity in United States, based in Floyds Knobs, IN. It received its IRS tax-exemption ruling in June 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 the Marengo Big Springs Old Town Church reported income of $51k and spending of $3,142, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $51k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 5.7% 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 the Marengo Big Springs Old Town Church sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IN. Charities of a similar size with the same main cause include Portland Open Studios ($51k), New England Motorcycle Museum Inc ($51k) and Denton Festival Foundation Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.