Friends of the Halstead Inc

Analysis

Friends of the Halstead Inc is a registered charity in United States, based in Fairhope, AL. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Halstead Inc reported income of $257k and spending of $227k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $218k to $257k (+18%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 91% 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 Halstead Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Laredo Center for the Arts Inc ($257k), Kcucares Foundation ($257k) and The Institute for Art and Olfaction ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.