Friends of Scrap Inc

Analysis

Friends of Scrap Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Scrap Inc reported income of $1.0m and spending of $949k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $389k to $1.0m (+158%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of Scrap Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Friends of the Mountains to Sea ($1.0m), Smith River Watershed Council ($1.0m) and Eastern Sierra Land Trust ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $99k (10% of expenses). Other salaries and wages came to $537k. At year end it held assets of $585k against liabilities of $11k, net assets of $574k. It reported 19 employees.