Friends of Florence Inc

Analysis

Friends of Florence Inc is a registered charity in United States, based in Florence, OR. It received its IRS tax-exemption ruling in November 1986, 40 years ago. 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 March 2024, Friends of Florence Inc reported income of $135k and spending of $50k, leaving 63% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $28k to $135k (+385%), an average of +48% a year. The sharpest change came in the year to March 2021, when income rose by 406%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Florence Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OR. Charities of a similar size with the same main cause include The University of Hawaii Alumni Association ($135k), Practicing Institute of Engineering ($135k) and Pampa High School Choir Booster Club ($135k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 46% and program service revenue 5.3% of the total. At year end it held assets of $844k against liabilities of $0, net assets of $844k.