Friends of Fast

Analysis

Friends of Fast is a registered charity in United States, based in Mission Hills, CA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover science and technology, 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 Fast reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $1.8m (+2313%), an average of +2314% a year. The sharpest change came in the year to December 2023, when income rose by 2313%. Over the whole period it spent 97% 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 Fast sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Canterbury Shaker Village Inc ($1.8m), Iowa Childrens Museum ($1.8m) and Maryland Humanities Council Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.