Friends of Historic Sharon High School and Community Center

Analysis

Friends of Historic Sharon High School and Community Center is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in March 2024, 2 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 August 2023, Friends of Historic Sharon High School and Community Center reported income of $129k and spending of $27k, leaving 79% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $86k to $129k (+50%), an average of +50% a year. The sharpest change came in the year to August 2023, when income rose by 50%. Over the whole period it spent 13% 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 Historic Sharon High School and Community Center sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Music Camps North Inc ($129k), Common Foundation Inc ($129k) and Reunite Cultures Fund ($129k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.