Friends of Shore Acres Inc

Analysis

Friends of Shore Acres Inc is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Shore Acres Inc reported income of $230k and spending of $403k, spending 175% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $235k to $230k (-2.2%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Shore Acres Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Bellasnova Foundation ($230k), Fennville Public Schools Educational Foundation ($230k) and Rhode Island Center for Freedom and Prosperity ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 14% of the total. At year end it held assets of $285k against liabilities of $17k, net assets of $268k.