Friends of Western Art Inc

Analysis

Friends of Western Art Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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 December 2023, Friends of Western Art Inc reported income of $143k and spending of $109k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $143k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Western Art Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within AZ. Charities of a similar size with the same main cause include PTA Florida Congress ($143k), Lucy Robbins Welles Library Inc ($143k) and Park County Library Foundation Incorporated ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 36% of the total. At year end it held assets of $204k against liabilities of $0, net assets of $204k.