Friends of Mt Tam

Analysis

Friends of Mt Tam is a registered charity in United States, based in Corte Madera, CA. It received its IRS tax-exemption ruling in November 1994, 32 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 Mt Tam reported income of $81k and spending of $40k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $81k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Mt Tam sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include USA Deaf Sports Federation Inc ($81k), Community Housing for the Hearing Impaired Inc ($81k) and Sundown Ski Patrol Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $204k against liabilities of $1,106, net assets of $203k.