Friends Bulletin Corporation

Analysis

Friends Bulletin Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1996, 30 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 September 2023, Friends Bulletin Corporation reported income of $150k and spending of $133k, spending 89% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $159k to $150k (-5.7%), an average of -5.7% a year. Over the whole period it spent 82% 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 Bulletin Corporation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OR. Charities of a similar size with the same main cause include Art of the Matter Performance Foundation ($150k), African American Cultural Center of Long Beach ($150k) and Nebraska National Guard Historical Society Inc ($150k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $248k against liabilities of $18k, net assets of $230k.